PPSC Economics Topic 11 Assess Your Basics MCQS

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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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PPSC Economics Chapter 11 Important MCQ's

Sr.#	Question	Answer
1	Normative economics form ______ based on.	A. Positive statements facts B. Opinions, personal values C. Positive statements values D. Opinions facts
2	Short run average total costs are equal to the sum of _______ and______	A. Short run opportunity costs, profit B. Short run average variable costs, profit C. short run average variable costs, profit. D. Short run average variable costs short run average fixed costs
3	Comparing a monopoly and a competitive firm the monopolist will.	A. Produce less at a lower price B. Produce more at a lower price C. Produce less at a higher price D. Produce less at a lower price
4	For perfect competition ot work there must be	A. Many buyers and sellers B. A standard product C. Free entry and exit D. All of the above
5	Firms are assumed to ____ costs and to _______ profit.	A. Incur , desire B. Pay ; make C. Change ;earn D. Minimize ; maximize
6	All of the following are types of imperfect competition except	A. Monopolistic competition B. Oligopoly C. Monopoly D. Unfair competition
7	Starting from a position of internal and external balance a reduction in aggregate demand will cause a current account.	A. Deficit B. Surplus C. Revaluation D. Devaluation
8	M4 is a _________ measures of money and includes deposits at both _____________ and	A. Narrow, banks, building societies B. Wide, banks, insurance companies C. narrow, banks, insurance companies D. Wide, banks, building societies.
9	The theory that explains business cycles by the dynamic interaction of consumption and investment demand is the.	A. Sun spect theory B. Multiplier accelerator model C. Solow theory D. New classical theory
10	When the level of income _______ there will be atendency for the trade balance to improve as imports.	A. Increases, increase B. falls, fall C. Increase, fall D. fall , increase

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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

In an economy, measuring total value (1) added, total value(2) spending on final goods and 3 total factor earning gives the result that.

In the event of an increase in the international price of oil that encouraged the central bank to accept lower real interest rates, inflation would most likely.

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

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

If British Residents want more French francs to purchases more fresh wine, other things equal than the equilibrium value of the pound against the French farce will.

All of the following are types of imperfect competition except

We would normally expect the size of the labour force to be ____ than the number of workers willing to accept job offers at any real wage rate.

The long run Philips curve is _________ at the ______

If the income tax rate changes from 30% to 40% on incomes over L 30,000 and a person's income is l 31,000 then her marginal tax rate is.

Starting from a balanced budget, for a given tax rate an increase in income will cause the government budget to.

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

Market failure may arise because of.

Moral Hazard means that the act of insuring __________ that the desired outcome will occur.

The equilibrium price clears the market it is the price at which.

One of the transmission mechanism of monetary policy is through consumer house hold wealth.___________ and consumption.

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

The opportunity cost of a student is.

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

The extra utility from consuming one more unit of a good is called.

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

Prepare Complete Set Wise PPSC Economics Topic 11 Assess Your Basics MCQs Online With Answers

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Set 11

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 long run Philips curve is ___ at the