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

If goods are exported for less than society's marginal production cost and the marginal benefit to domestic consumers, it is likely that they benefit from.

Question # 2

Nominal GNP measures income

Question # 3

All of the following are benefits of the single market except.

Question # 4

When a market is contestable , incumbent firms must.________ to avoid the entry of new competitors.

Question # 5

An upward shift in marginal cost ___________ output and an upward shift in _____ marginal revenue __ output.

Question # 6

A tariff causes domestic firms to __________ and consumers to

Question # 7

A production technique is technically efficient if.

Question # 8

Efficiency wages are_______ that raise

Question # 9

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

Question # 10

In the economy when a steel producer sells steel to car producer it is regarded as.

Question # 11

All of the following are types of imperfect competition except

Question # 12

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

Question # 13

The opportunity cost of a good is.

Question # 14

A supply curve is directly affected by

Question # 15

the Maastricht criteria for entry to the EMU are that applicants should have

Question # 16

The participation rate in the labour force is affected by

Question # 17

Top footballers land to earn more than lecturers because.

Question # 18

The most important source of wage differentiate are.

Question # 19

If two firms doing the same thing in the same industry join together this is known as a.

Question # 20

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

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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 Government may contribute to inflationary pressure on account of building up large.
A. Numbers of employees
B. Welfare plans
C. Budget deficits
D. Expenditure.
2 The impossibility of negative gross investment provides a______ to fluctuations in.
A. Celling, stock building
B. Celling, capital prices
C. floor , output
D. floor , the capital output ratio
3 The imposition of a tariff causes consumption to _______ and imports to.
A. rise , rise
B. fall , rise
C. fall , fall
D. rise , fall
4 Marginal revenue is the ________ when output is.
A. Change in average revenue, inversed.
B. change in total revenue, increased by one unit
C. change in average revenue, increased by one unit
D. Change in total revenue, incresed.
5 If the consumption of a good by one person does not reduce the quantity available by other and nobody cna be easily excluded from consumption, we are referring to a.
A. Private good
B. Merit good
C. Public good
D. Abundant good
6 Fiscal policy is weak under floating exchange rates as fiscal expansion.
A. Crowds out imports
B. Crowds out public consumption
C. Crowds out exports
D. Reduces the budget deficit
7 International difference in opportunity costs lead to countries acquiring.
A. Comparative advantage
B. High exchange rates
C. Trade exchange rates
D. Trade barriers
8 Short run equilibrium output means that aggregate demand _ actual output
A. is less than
B. equals
C. is greater than
D. fluctuates around
9 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
10 Economics assumes that people consume goods and services to achieve.
A. Status
B. Prestige
C. Utility
D. Self esteem

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