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

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 # 2

All of the following are parts of the business cycle except.

Question # 3

Positive cross elasticities suggest that goods are ______ and negative cross elasticities that goods are.

Question # 4

In a fixed exchange rate regime, the central bank will intervene by __ pounds to ______ the exchange rate.

Question # 5

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

Question # 6

Floating exchange rates are __ in the short run

Question # 7

When capital mobility is perfect, interest rate differentials will tend to be offset by

Question # 8

The value of an asset depends upon

Question # 9

For perfect competition ot work there must be

Question # 10

Possible causes of involuntary unemployment are

Question # 11

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

Question # 12

In the economy when a steel producer sells steel to car producer it is regarded as.

Question # 13

On a graph a positive linear relation ship.

Question # 14

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

Question # 15

A fall in investment demand can result from

Question # 16

Economics assumes that people consume goods and services to achieve.

Question # 17

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

Question # 18

Economic transition involves high inflation because ______ and _____

Question # 19

The business cycle is not transmitted from one country to another through.

Question # 20

A monopoly may be self perpetuating because profits may be used for

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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 Holding all factors constant except one and increasing a variable factor is expected to lead to steadily decreasing marginal product of the factor this is an example of.
A. Decreasing returns to scale
B. The law of diminishing returns
C. Constant returns to scale
D. an inefficient production technique
2 On a graph a positive linear relation ship.
A. Moves down to the right
B. Moves up to the left
C. Moves up to the right
D. Modes down to the left
3 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
4 The quantity theory of money says that changes in ______ lead to equivalent changes in ______ but have no effect on.
A. Prices, wages, output and employment.
B. Output, prices, employment
C. Nominal money, the price level output and employment.
D. Nominal money output prices
5 import substitution is the replacement of ________ by domestic production under the protection of.
A. exports, subsidies
B. Exports, patents
C. imports, high tariffs or import quotes
D. Imports, subsidies
6 Satellite television subscription and television detection devices are ways in which broadcasting companies address the _____ problem.
A. Externality
B. Market imperfection
C. Deadweight burden
D. Free rider
7 If the government increase spending and raises taxes by just enough to finance the increase it will.
A. Leave output unchagned
B. Increase output
C. Reduce output
D. Increase the MPC
8 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.
9 By restricting labour supply a trade union can _________ and_______
A. Increase the wage, increase employment
B. Maintain the wage, increase employment
C. Increase the wage lower employment
D. Maintain the wage, lower employment
10 The neoclassical theory of growth identities the steady state rate of growth as the _________ just sufficient to keep _______ constant while labour grows.
A. Saving investment
B. Capital per person productivity
C. Labour growth , output
D. Investment capital per person

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