PPSC Economics Topic 11 Assess Your Basics MCQS

Top Scorers Of PPSC Economics Topic 11 Assess Your Basics MCQ`s Test

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Tayyeba 03 - Dec - 2021 12 Min 05 Sec 16/20
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Amjad Ali 09 - Jun - 2023 07 Min 36 Sec 14/20
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romana 28 - Jun - 2021 03 Min 45 Sec 13/20
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Abdul Qayyum 26 - May - 2024 06 Min 48 Sec 13/20
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Shama Suleman 22 - May - 2022 07 Min 15 Sec 13/20
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Mona Bajwa 23 - May - 2022 07 Min 39 Sec 12/20
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Abdul subhan 02 - Jul - 2021 07 Min 28 Sec 11/20
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Murtaza Gillani 13 - Jul - 2024 07 Min 48 Sec 11/20
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Hamza 23 - Aug - 2021 10 Min 10 Sec 10/20
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Aleeza Aslam 15 - Nov - 2022 03 Min 52 Sec 9/20
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Ayesha siddiqa 08 - Jun - 2021 12 Min 06 Sec 8/20
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huma 30 - Jun - 2021 12 Min 23 Sec 8/20
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savera 03 - Jul - 2021 04 Min 58 Sec 6/20
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Abdul Basit 26 - May - 2022 05 Min 13 Sec 6/20
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abuzar 02 - Aug - 2023 08 Min 12 Sec 6/20

PPSC Economics Chapter 11 Important MCQ's

Sr.#	Question	Answer
1	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.
2	Perfect price discrimination means that every customer.	A. Buys the same amount B. Pays the same price C. Pays what she thinks the product is worth D. Contributes the same revenue.
3	In the circular flow we would expect leakages to __________ injections.	A. equal B. be less than C. by greater than D. Be less or greater than
4	A profit maximizing firm will hire labor until _______ equal the	A. Marginal revenue, marginal cost B. Long run marginal revenue, long run marginal cost C. Labour output ratio, capital output ratio D. Marginal cost of labour, marginal revenue product
5	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.
6	If demand is _______ then price cuts will ________ spending.	A. Inelastic, increase B. Elastic, increase C. Elastic, decreases D. None of the above
7	Short run average total costs are equal to the sum of _______ and______	A. Short run opportunity costs, profit B. Short run average variable costs, profit C. short run average variable costs, profit. D. Short run average variable costs short run average fixed costs
8	Government may contribute to inflationary pressure on account of building up large.	A. Numbers of employees B. Welfare plans C. Budget deficits D. Expenditure.
9	An allocation is Pareto efficient if no reallocation of resources would make some people_______ whiteout making others	A. Worse off, worse off B. better off, better off C. better off, worse off D. equal , unequal
10	The effect of a tax to offset a negative eternality will be to ________ price and ____ quantity.	A. Reduce, reduce B. increase, increase C. Increase , reduce D. reduce, increase

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PPSC Economics Topic 11 MCQS Test Preparation

MCQ's Test For PPSC Economics Topic 11 Assess Your Basics

PPSC Economics Topic 11 Assess Your Basics

Real GNP is a crude measure of national welfare because it excludes.

Efficiency wages are_______ that raise

Expansionary fiscal policy in the classical model will cause aggregate demand to ______ potential output.

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.

The opportunity cost of a good is.

If your income during one year is L 10,000 ad the following year it is L,12,000 then it has grown by

The impossibility of negative gross investment provides a______ to fluctuations in.

A straight line diagram can be drawn knowing the _______ and _____

Human capital can be described as.

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

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.

Starting from a balanced budget, for a given tax rate an increase in income will cause the government budget to.

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

We cannot say whether one allocation of resources is better than another allocation because.

In the short run the level of floating exchange rates is determined mainly by.

If banks and the private sector decide to hold less cash the money multiplier will be.

A rise in the real exchange rate will __ the competitiveness of the domestic economy.

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

The primary function of a bank is to.

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

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Topic Test

PPSC Economics Chapter 11 Test

Top Scorers Of PPSC Economics Topic 11 Assess Your Basics MCQ`s Test

PPSC Economics Chapter 11 Important MCQ's

Test Questions

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A straight line diagram can be drawn knowing the ___ and _

An upward shift in marginal cost _________ output and an upward shift in _ marginal revenue output.

Short run average total costs are equal to the sum of _ and