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

When we refer to the hidden economy we mean unrecorded income owing to.

Question # 2

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

Question # 3

M4 is a _________ measures of money and includes deposits at both _____________ and

Question # 4

A fall in investment demand can result from

Question # 5

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

Question # 6

a demand curve can shift because of changing.

Question # 7

A supply curve is directly affected by

Question # 8

The growth rate of economics tend to converge because._________ is easier when capital per worker is low and because of_____

Question # 9

In the UK in recent years, union membership has ______ and days of work lost because of strikes has.

Question # 10

An optimal tariff is one which reduces imports to the level at which ___ equals

Question # 11

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

Question # 12

If a country has a burden of debt it cannot sustain it can.

Question # 13

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

Question # 14

The long run Philips curve is _________ at the ______

Question # 15

Economics assumes that people consume goods and services to achieve.

Question # 16

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

Question # 17

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

Question # 18

Firms are assumed to ____ costs and to _______ profit.

Question # 19

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

Question # 20

Bank create money by

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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 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.
A. Smaller
B. Larger
C. the same size
D. None of these
2 Real business cycle theory suggests that __________ not important in explaining short term fluctuations around actual output.
A. aggregate supply is
B. aggregate demand is
C. Potential output is
D. Real variables are
3 A tariff causes domestic firms to __________ and consumers to
A. Overproduced, under consume
B. overproduce , overconsume
C. Underproduce, under consume
D. underproduce, overconsume
4 A dominant strategy is.
A. A winning strategy
B. A losing strategy
C. A players best strategy when moving fist
D. a player's best strategy whatever the strategies adopted by rivals
5 All of the following represent obstacles to LDC development except.
A. Resource scarcity
B. Low level of investment
C. Low population
D. Poor infrastructure
6 The level of the equilibrium exchange rate offsets international difference in.
A. Comparative advantage
B. Absolute advantage
C. Opportunity cost
D. Relative costs
7 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.
8 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
9 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.
10 The Keynesian model is a good guide to ______ behavior and the classical model describes behavior in.
A. Long run, short run
B. Flexible, imperfect markets
C.
Short term , long run
D. Ong run, imperfect market.

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