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

A competitive firms demand curve is.

Question # 2

If desired spending in the economy exceeds income we would expect.

Question # 3

Comparing a monopoly and a competitive firm the monopolist will.

Question # 4

A natural monopoly has a declining ________ over a large range of output.

Question # 5

The participation rate in the labour force is affected by

Question # 6

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

Question # 7

During periods of rising inflation and rising interest rates we expect the demand for real cash to.

Question # 8

For perfect competition ot work there must be

Question # 9

In the EMU a country's competitiveness can change because of.

Question # 10

Government may contribute to inflationary pressure on account of building up large.

Question # 11

The costs of inflation are

Question # 12

The retail price index is used to.

Question # 13

The firms long run output decision will be where.

Question # 14

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

Question # 15

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

Question # 16

For a competitive firm its short run supply curve is ________ and its long run supply curve is.

Question # 17

Marginal revenue is the ________ when output is.

Question # 18

An allocation is Pareto efficient if no reallocation of resources would make some people_______ whiteout making others

Question # 19

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

Question # 20

The AD schedule indicates that______ inflation is associated with______ output.

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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 In the UK mergers can be referred to the competition commission of they create a firm with _______ of the market.
A. 15%
B. 20%
C. 25%
D. 30%
2 A supply curve is directly affected by
A. Technology
B. Input costs
C.
Government regulation
D. All of the above
3 The business cycle is not transmitted from one country to another through.
A. Private sector imports and exports
B. Economic policy
C. The duration of compulsory education
D. Labour supply changes
4 Higher export demand _______ output and a higher MPZ______ output..
A. Reduces, reduces
B. Reduces, increases
C. Increases, reduces
D. increases, increases
5 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
6 An upward shift in marginal cost ___________ output and an upward shift in _____ marginal revenue __ output.
A. Reduce , reduce
B. Reduce , increase
C. Increased, increased
D. Increases, reduces
7 For a competitive firm its short run supply curve is ________ and its long run supply curve is.
A. SMC , LMC
B. SMC above SAVC, LMC above LAC
C. SMC below SAVC, LMC above LAC
D. SMC Below SAVC, LMC below LAC
8 Floating exchange rates are __ in the short run
A. Stable
B. Volatile
C. Predictable
D. Depreciating
9 If banks and the private sector decide to hold less cash the money multiplier will be.
A. Unchanged
B. Larger
C. Smaller
D. unstable
10 A natural monopoly has a declining ________ over a large range of output.
A. Long run marginal cost
B. Short run marginal cost
C. Long run average cost
D. Long run marginal cost

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