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

M4 is a _________ measures of money and includes deposits at both _____________ and

Question # 2

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

Question # 3

Real business cycle are cycles in

Question # 4

A firm that breaks even after all economic costs are paid is earning.

Question # 5

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

Question # 6

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

Question # 7

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

Question # 8

When we refer to the hidden economy we mean unrecorded income owing to.

Question # 9

Polices to reduce unemployment by reducing union power tax cut reduction is unemployment benefit and investment. subsidies are examples of.

Question # 10

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

Question # 11

Perfect international capital mobility suggests that international funds will be responsive to _______ differentials.

Question # 12

A competitive firm produces a level of output at which.

Question # 13

import substitution is the replacement of ________ by domestic production under the protection of.

Question # 14

A fall in investment demand can result from

Question # 15

A good example of a public good is.

Question # 16

If the central bank buys financial securities in the open market to increase the monetary base, this is an example of.

Question # 17

The participation rate in the labour force is affected by

Question # 18

Market some times fall to exist because of.

Question # 19

GDP per head may be an imperfect measure of economic welfare because it excludes.

Question # 20

The effect of a tax to offset a negative eternality will be to ________ price and ____ quantity.

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Economics
11th Chapter

PPSC Economics Chapter 11 Test

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PPSC Economics Chapter 11 Important MCQ's

Sr.# Question Answer
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.
A. Reduction, increases
B. reduction,reduction
C. increase, reduction
D. increases, increases
2 Human capital can be described as.
A. The tools used by workers to entrances productivity
B. a persons inherited abilities.
C. The stock of expertise accumulated by a worker
D. Education
3 The abolition of income tax would probably ________ the number of workers in employment and____________ the equilibrium. rate of unemployment.
A. increase ; decrease
B. increase ; increase
C. reduce ; increase
D. reduce ; reduce
4 The key issues of macroeconomics are
A. Unemployment
B. Inflation
C. Economic growth
D. All of the above
5 Bank create money by
A. Printing it
B. Issuing debit cards
C. Accepting chequeens
D. Lending out part of their deposits
6 In the ERM, each country fixed ___ against each other ERM participant collectively the group._____ against the rest of the world.
A. A nominal exchange rate, floated
B. A real exchange rate, pegged
C. a purchasing power parity, pegged
D. a real exchange rate, floated
7 Expansionary fiscal policy in the classical model will cause aggregate demand to ______ potential output.
A. Exceed
B. Fall below
C. Fluclaute around
D. Remain equal to.
8 The increase in total cost when one more units is produced is known as.
A. Marginal cost
B. Opportunity cost
C. Limited cost
D. Average cost
9 A profit maximizing firm will hire labor until _______ equal the
A. Marginal revenue, marginal cost
B. Long run marginal revenue, long run marginal cost
C. Labour output ratio, capital output ratio
D. Marginal cost of labour, marginal revenue product
10 If the central bank buys financial securities in the open market to increase the monetary base, this is an example of.
A. Lender of last resort
B. Financial intermediation
C. Open market operations
D. Financial regulation.

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