PPSC Economics Topic 11 Assess Your Basics MCQS

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Murtaza Gillani 13 - Jul - 2024 07 Min 48 Sec 11/20
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huma 30 - Jun - 2021 12 Min 23 Sec 8/20
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savera 03 - Jul - 2021 04 Min 58 Sec 6/20
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Abdul Basit 26 - May - 2022 05 Min 13 Sec 6/20
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abuzar 02 - Aug - 2023 08 Min 12 Sec 6/20

PPSC Economics Chapter 11 Important MCQ's

Sr.#	Question	Answer
1	In the UK under a _________ of the labour force belong to a trade union.	A. Quarter B. Third C. Half D. Three quarters
2	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
3	A supply curve is directly affected by	A. Technology B. Input costs C. Government regulation D. All of the above
4	The multiplier tells us how much __________ chagnes after a shift in.	A. Consumption, income B. Investment , output C. Savings, investment D. output, aggregate demand
5	Starting from a balanced budget, for a given tax rate an increase in income will cause the government budget to.	A. Move into surplus B. Move into deficit C. Remain unchanged D. None of these
6	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
7	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.
8	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
9	the Maastricht criteria for entry to the EMU are that applicants should have	A. Low inflation B. Low interest rates C. Stable nominal exchange rate D. All of the above
10	In the EMU a country's competitiveness can change because of.	A. Interest rate adjustment B. Central bank intervention i the forex C. Domestic wage and price adjustment D. Devaluations

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PPSC Economics Topic 11 MCQS Test Preparation

MCQ's Test For PPSC Economics Topic 11 Assess Your Basics

PPSC Economics Topic 11 Assess Your Basics

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

The level of the equilibrium exchange rate offsets international difference in.

If the government increase spending and raises taxes by just enough to finance the increase it will.

Real business cycle theory suggests that __________ not important in explaining short term fluctuations around actual output.

The participation rate in the labour force is affected by

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

Normative economics form ______ based on.

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

In Nash equilibrium each player chooses the best strategy.

Short run average total costs are equal to the sum of _______ and______

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

In the circular flow we would expect leakages to __________ injections.

In the short run, the supply of capital is _______ and in the long run iwll depend on.

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

International difference in opportunity costs lead to countries acquiring.

A competitive firm produces a level of output at which.

Real business cycle theorists argue that ___________ can explain short and long term fluctuations in output.

Aggregate demand in an economy trading internationally with a government sector can be written s.

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

An optimal tariff is one which reduces imports to the level at which ___ equals

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Topic Test

PPSC Economics Chapter 11 Test

Top Scorers Of PPSC Economics Topic 11 Assess Your Basics MCQ`s Test

PPSC Economics Chapter 11 Important MCQ's

Test Questions

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

Short run average total costs are equal to the sum of _ and

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