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

00:00
Question # 1

The primary function of a bank is to.

Question # 2

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

Question # 3

In the UK mergers can be referred to the competition commission of they create a firm with _______ of the market.

Question # 4

If demand is _______ then price cuts will ________ spending.

Question # 5

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

Question # 6

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

Question # 7

All of the following are types of imperfect competition except

Question # 8

International specialization takes place because of.

Question # 9

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

Question # 10

Injection into the circular flow are _________ and _______

Question # 11

a demand curve can shift because of changing.

Question # 12

Satellite television subscription and television detection devices are ways in which broadcasting companies address the _____ problem.

Question # 13

Real business cycle are cycles in

Question # 14

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

Question # 15

The Philips curve shows the trade off between ________ and _____

Question # 16

The allocation of resources is not efficient it

Question # 17

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

Question # 18

In a free market

Question # 19

Extremality's arise because there is a divergence between ____ and _

Question # 20

The single European Act committed_ governments to a ___ in 1992

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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 An increase in consumer income will increase demand for a __________ for decrease demand for a.
A. Substitute good interior good
B. Normal good, interior good
C. Interior good, normal good.
D. Normal good, complementary good.
2 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.
A. Fall
B. Increases
C. Remain the same
D. Fluctuate
3 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.
4 If banks and the private sector decide to hold less cash the money multiplier will be.
A. Unchanged
B. Larger
C. Smaller
D. unstable
5 Economics assumes that people consume goods and services to achieve.
A. Status
B. Prestige
C. Utility
D. Self esteem
6 The equilibrium inflation rate is determine by the intersection of __________ and ___
A. demand, supply
B. IS , LM
C. AD, AS
D. Labour demand, labour supply
7 All of the following are type of monetary policy except
A. A nominal money stock target
B. A balances budget
C. An inflation target
D. The pursuit of a target real interest rate
8 When the S/L exchange rate rises the pounds______ and whent he S/L rate falls the pounds.
A. depreciates, appreciates
B. revalues, devalues
C. appreciates, deprecates
D. becomes more expensive, becomes cheaper
9 All of the following are types of imperfect competition except
A. Monopolistic competition
B. Oligopoly
C. Monopoly
D. Unfair competition
10 The opportunity cost of a good is.
A. The time lost in finding it
B. The quantity of other goods sacrificed to get another unit of that good
C. The expenditure on the good
D. The loss of interest in using savings

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