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

  • Total Questions20

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PPSC Economics Topic 11 Assess Your Basics

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Question # 1

Firms are assumed to ____ costs and to _______ profit.

Question # 2

Economics assumes that people consume goods and services to achieve.

Question # 3

If one country, with floating exchange states, has higher inflation than its competitors, we would expect its exchange rate to.

Question # 4

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

Question # 5

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

Question # 6

Except for taxes to offset ___ taxes are.

Question # 7

Macro economics is the study of.

Question # 8

Bank create money by

Question # 9

The prisoners Dilemma Game demonstrates that.

Question # 10

GDP per head may be an imperfect measure of economic welfare because it excludes.

Question # 11

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

Question # 12

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

Question # 13

A good example of a public good is.

Question # 14

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

Question # 15

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

Question # 16

Top footballers land to earn more than lecturers because.

Question # 17

When investment is assumed to autonomous the slope of the AD schedule is determined by the.

Question # 18

In Nash equilibrium each player chooses the best strategy.

Question # 19

If I keep some money available in case I see a bargain this is an example of.

Question # 20

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

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11th Chapter

PPSC Economics Chapter 11 Test

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PPSC Economics Chapter 11 Important MCQ's

Sr.# Question Answer
1 Macro economics is the study of.
A. Individual building blocks in the economy
B. The relationship between different sectors of the economy
C. Household purchased decisions
D. The economy as a whole
2 A reduction in interest rates, causes an increases in the monetary base that result in an_____ in the availability of consumer credit and a _ in the cost of consumer credit.
A. Reduction, increases
B. reduction,reduction
C. increase, reduction
D. increases, increases
3 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
4 a demand curve can shift because of changing.
A. Incomes
B. Prices of related goods
C. Testes
D. All of the above
5 In the economy when a steel producer sells steel to car producer it is regarded as.
A. A final good
B. An intermediate good
C. an injection
D. a leakage
6 Nominal GNP measures income
A. At the present time
B. Corrected for tax changes
C. Corrected for changes in interest rates
D. At current prices
7 If your income during one year is L 10,000 ad the following year it is L,12,000 then it has grown by
A. 20%
B. 2%
C. 12%
D. 15%
8 In a free market
A. Government intervene
B. Government plan production
C. Government interfere
D. Price adjust to reconcile scarcity and desires.
9 In a competitive industry each buyer and seller.
A. Is a price taker
B. Produce different products
C. Believes that can influence price
D. Prevents the entry of competitors
10 The multiplier accelerator model assumes _______ depends on.
A. Consumption, expected future profits.
B. Investment, interest rates.
C. Investment expected future profits.
D. Stock building, interest rates.

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