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

Adding up the quantities demanded of a good by different people facing the same price gives us the.

Question # 2

Except for taxes to offset ___ taxes are.

Question # 3

Firms are assumed to ____ costs and to _______ profit.

Question # 4

Top footballers land to earn more than lecturers because.

Question # 5

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

Question # 6

The allocation of resources is not efficient it

Question # 7

If a price increase of good A increases the quantity demanded of good B, then good B is a.

Question # 8

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

Question # 9

In the classical model, potential output can not be increased by

Question # 10

Skilled labour is relatively scarce because.

Question # 11

In the short run the level of floating exchange rates is determined mainly by.

Question # 12

If demand is _______ then price cuts will ________ spending.

Question # 13

The participation rate in the labour force is affected by

Question # 14

A tariff causes domestic firms to __________ and consumers to

Question # 15

Real business cycle theories suggest that _____ to correct departures from the desired growth path.

Question # 16

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.

Question # 17

The retail price index is used to.

Question # 18

Floating exchange rates are __ in the short run

Question # 19

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

Question # 20

Micro economics is conceded with

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Economics
11th Chapter

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