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

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Question # 1

Economic transition involves high inflation because ______ and _____

Question # 2

If as result of householder wish to save more there is a change in equilibrium income and no change in equilibrium saving this as an example of.

Question # 3

A competitive equilibrium is Pareto efficient because.

Question # 4

If goods are exported for less than society's marginal production cost and the marginal benefit to domestic consumers, it is likely that they benefit from.

Question # 5

Within circular flow of income, an increase in domestic income iwll lend to increase.

Question # 6

Real GNP is a crude measure of national welfare because it excludes.

Question # 7

Floating exchange rates are __ in the short run

Question # 8

The theory that explains business cycles by the dynamic interaction of consumption and investment demand is the.

Question # 9

One of the transmission mechanism of monetary policy is through consumer house hold wealth.___________ and consumption.

Question # 10

The equilibrium price clears the market it is the price at which.

Question # 11

If a person thinks they are better off after a 10% wage increase, and all prices have risen 10%, then they are experiencing.

Question # 12

If both Marginal cost and marginal revenue increase, a firm.

Question # 13

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

Question # 14

The Philips curve shows the trade off between ________ and _____

Question # 15

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

Question # 16

All of the following are benefits of the single market except.

Question # 17

Market failure may arise because of.

Question # 18

The opportunity cost of a good is.

Question # 19

If banks and the private sector decide to hold less cash the money multiplier will be.

Question # 20

Economics assumes that people consume goods and services to achieve.

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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 Economics assumes that people consume goods and services to achieve.
A. Status
B. Prestige
C. Utility
D. Self esteem
2 A person who is made redundant because of the contraction of an industry is a victim of.
A. Frictional unemployment
B. Demand deficient unemployment
C. Classical unemployment
D. Structural unemployment
3 In the UK under a _________ of the labour force belong to a trade union.
A. Quarter
B. Third
C. Half
D. Three quarters
4 If your income doubles and the prices of the goods you buy double, then your demand for these goods will likely
A. Increase
B. Not change
C. Decrease
D. Shift
5 The multiplier accelerator model assumes _______ depends on.
A. Consumption, expected future profits.
B. Investment, interest rates.
C. Investment expected future profits.
D. Stock building, interest rates.
6 The single European Act committed_ governments to a ___ in 1992
A. European union, single market
B. Western European, single currency area
C. European union, single currency area
D. Western European, single market
7 The participation rate in the labour force is affected by
A. Higher real wages
B. Lower fixed costs of working
C. Lower non labor income
D. All of the above
8 When real income increases, other things equal we fan expect the demand for real money holdings to.
A. Fall
B. Not change
C. Increase
D. Decrease
9 If I keep some money available in case I see a bargain this is an example of.
A. Asset demand for money
B. Transactions demand for money
C. Token demand for money
D. Precautionary demand for money
10 The firms long run output decision will be where.
A. Long run average cost a lowest
B. Marginal revenue equals output
C. Marginal revenue equals long run marginal cost
D. Marginal cost equals output

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