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

00:00
Question # 1

If a long average cost rises, output rises from left to right this is an example of.

Question # 2

A fixed exchange rate, plus perfect capital mobility _______ the scope for monetary policy.

Question # 3

a demand curve can shift because of changing.

Question # 4

Economic transition involves high inflation because ______ and _____

Question # 5

A competitive firms demand curve is.

Question # 6

All of the following represent obstacles to LDC development except.

Question # 7

Macro economics is the study of.

Question # 8

In the ERM, each country fixed ___ against each other ERM participant collectively the group._____ against the rest of the world.

Question # 9

The long run Philips curve is _________ at the ______

Question # 10

Starting from a position of internal and external balance a reduction in aggregate demand will cause a current account.

Question # 11

Comparing a monopoly and a competitive firm the monopolist will.

Question # 12

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

Question # 13

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

Question # 14

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

Question # 15

The short run Philips curve can shift in response to changes in

Question # 16

The value of an asset depends upon

Question # 17

By restricting labour supply a trade union can _________ and_______

Question # 18

In the UK under a _________ of the labour force belong to a trade union.

Question # 19

The multiplier is calculated as.

Question # 20

The participation rate in the labour force is affected by

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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 If some body is prepared to work at the going wage rate but cannot find work than they are victims of.
A. Voluntary unemployment
B. Classical unemployment
C. Frictional unemployment.
D. All of the above
2 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
3 If the diagram of a line shows that lower values on the vertical scale are associated with higher values on the horizontal scale this is an example of.
A. a nonlinear relationship
B. A positive linear relationship
C. A scatter diagram
D. A negative linear relationship
4 At the intersection of AD and AS equilibrium is achieved in.
A. The goods market
B. The money market
C. The labour market
D. All of the above
5 In an economy, measuring total value (1) added, total value(2) spending on final goods and 3 total factor earning gives the result that.
A. 3>2>1
B. 3 +2>1
C. 3<2<1
D. Any measure can be larger or smaller than any other
6 The opportunity cost of a student is.
A. Course fees and rent
B. A loan from the bank
C. What the student could have earned in the best job available by not studying.
D. What the student will earn after graduation.
7 When investment is assumed to autonomous the slope of the AD schedule is determined by the.
A. Marginal propensity to invest.
B. disposable income
C. Marginal propensity to consume
D. Average properisity to consume
8 In a free market
A. Government intervene
B. Government plan production
C. Government interfere
D. Price adjust to reconcile scarcity and desires.
9 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
10 Bank create money by
A. Printing it
B. Issuing debit cards
C. Accepting chequeens
D. Lending out part of their deposits

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