PPSC Economics Topic 11 MCQS Test Preparation

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MCQ's Test For PPSC Economics Topic 11 Assess Your Basics

Try The MCQ's Test For PPSC Economics Topic 11 Assess Your Basics

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PPSC Economics Topic 11 Assess Your Basics

00:00
Question # 1

The single European Act committed_ governments to a ___ in 1992

Question # 2

If a country has a burden of debt it cannot sustain it can.

Question # 3

If British Residents want more French francs to purchases more fresh wine, other things equal than the equilibrium value of the pound against the French farce will.

Question # 4

A natural monopoly has a declining ________ over a large range of output.

Question # 5

In a competitive industry each buyer and seller.

Question # 6

On a graph a positive linear relation ship.

Question # 7

A reduction in interest rates, causes an increases in the monetary base that result in an_____ in the availability of consumer credit and a _ in the cost of consumer credit.

Question # 8

All of the following represent obstacles to LDC development except.

Question # 9

a demand curve can shift because of changing.

Question # 10

In the neoclassical theory of growth a higher saving rate leads to.

Question # 11

We cannot say whether one allocation of resources is better than another allocation because.

Question # 12

If desired spending in the economy exceeds income we would expect.

Question # 13

Women and non whiles on average receive lower comes than white men because.

Question # 14

All of the following are type of monetary policy except

Question # 15

Fiscal policy is weak under floating exchange rates as fiscal expansion.

Question # 16

The allocation of resources is not efficient it

Question # 17

If some body is prepared to work at the going wage rate but cannot find work than they are victims of.

Question # 18

A rise in the real exchange rate will __ the competitiveness of the domestic economy.

Question # 19

In the absence of international capital controls, central banks set ______ to provide the correct incentive for speculators

Question # 20

In the EMU a country's competitiveness can change because of.

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Economics
11th Chapter

PPSC Economics Chapter 11 Test

Here you can prepare PPSC Economics Chapter 11 (Assess Your Basics) Test. Click the button for 100% free full practice test.

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PPSC Economics Chapter 11 Important MCQ's

Sr.# Question Answer
1 We cannot say whether one allocation of resources is better than another allocation because.
A. some people cant count
B. Some people may not be permanent residents
C. Not all economic activity is legal
D. We cant make value judgements to compare different people welfare.
2 The short run marginal cost curve cuts the short run total cost curve and short run average variable cost curve.
A. At their lowest points
B. When they are declining
C. When they are increasing.
D. When marginal revenue is zero
3 A straight line diagram can be drawn knowing the _______ and _____
A. Vertical axis and horizontal axis
B. Intercept and slope
C. Scale and slope
D. Intercept and scale.
4 When we know the quantity of a product that buyers wish to purchases at each possible price we know.
A. Demand
B. Supply
C. excess demand
D. Excess supply
5 The effect of a tax to offset a negative eternality will be to ________ price and ____ quantity.
A. Reduce, reduce
B. increase, increase
C. Increase , reduce
D. reduce, increase
6 A tariff causes domestic firms to __________ and consumers to
A. Overproduced, under consume
B. overproduce , overconsume
C. Underproduce, under consume
D. underproduce, overconsume
7 In an economy, measuring total value (1) added, total value(2) spending on final goods and 3 total factor earning gives the result that.
A. 3>2>1
B. 3 +2>1
C. 3<2<1
D. Any measure can be larger or smaller than any other
8 All of the following represent obstacles to LDC development except.
A. Resource scarcity
B. Low level of investment
C. Low population
D. Poor infrastructure
9 Real GNP is a crude measure of national welfare because it excludes.
A. Consumption
B. Investment
C. Export's
D. work in the home
10 A competitive firms demand curve is.
A. Horizontal
B. Vertical
C. Down ward sloping
D. Fairly elastic

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