PPSC Economics Topic 11 MCQS Test Preparation

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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

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

Question # 2

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

Question # 3

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

Question # 4

The cost of using capital services is the

Question # 5

The primary function of a bank is to.

Question # 6

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

Question # 7

Government may contribute to inflationary pressure on account of building up large.

Question # 8

The firms long run output decision will be where.

Question # 9

At the intersection of AD and AS equilibrium is achieved in.

Question # 10

A production technique is technically efficient if.

Question # 11

The quantity theory of money says that changes in ______ lead to equivalent changes in ______ but have no effect on.

Question # 12

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

Question # 13

Real business cycle are cycles in

Question # 14

If I keep some money available in case I see a bargain this is an example of.

Question # 15

The Keynesian model is a good guide to ______ behavior and the classical model describes behavior in.

Question # 16

Output fell sharply in the transition economies because.

Question # 17

A market can accuretaly be described as

Question # 18

Economic growth may depend upon __________ and_________

Question # 19

Aggregate demand without a foreign sector is the sum of.

Question # 20

The most important source of wage differentiate are.

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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 In the UK in recent years, union membership has ______ and days of work lost because of strikes has.
A. Grown, declined
B. declined, declined
C. declined, grown
D. grown , grown
2 In the circular flow we would expect leakages to __________ injections.
A. equal
B. be less than
C. by greater than
D. Be less or greater than
3 Under floating exchange rates, expectations of higher interest rates are likely to cause an __________ of the exchange rate.
A. Depreciation
B. Appreciation
C. fall
D. Devaluation
4 A firm that breaks even after all economic costs are paid is earning.
A. Economic profit
B. Accounting profit
C. Normal profit
D. Supernormal profit
5 Aggregate demand in an economy trading internationally with a government sector can be written s.
A. AD = C+1
B. AD = C + 1+ G
C. AD = C +1+G+X+Z
D. AD+C+1+G+X-Z
6 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
7 For given government spending and taxation the government budget deficit will grow in __________ and decline in _________
A. booms, booms
B. recession, recession
C. booms, recessions
D. recessions, booms
8 The cost of using capital services is the
A. wage rate of capital
B. Interest charges
C. Marginal capital cost
D. Rental rate for capital
9 a demand curve can shift because of changing.
A. Incomes
B. Prices of related goods
C. Testes
D. All of the above
10 The costs of inflation are
A. Shoe leather costs
B. Menu costs
C. Income redistribution
D. All of the above

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