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 firm produces a level of output at which.

Question # 2

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.

Question # 3

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

Question # 4

When a market is contestable , incumbent firms must.________ to avoid the entry of new competitors.

Question # 5

The retail price index is used to.

Question # 6

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

Question # 7

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

Question # 8

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

Question # 9

Macro economics is the study of.

Question # 10

When real income increases, other things equal we fan expect the demand for real money holdings to.

Question # 11

A current account deficit means that a country may.

Question # 12

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

Question # 13

By restricting labour supply a trade union can _________ and_______

Question # 14

A fixed exchange rate, plus perfect capital mobility _______ the scope for monetary policy.

Question # 15

Within circular flow of income, an increase in domestic income iwll lend to increase.

Question # 16

The participation rate in the labour force is affected by

Question # 17

In the ERM, each country fixed ___ against each other ERM participant collectively the group._____ against the rest of the world.

Question # 18

The main cause of different relative costs between countries are.

Question # 19

If a person thinks they are better off after a 10% wage increase, and all prices have risen 10%, then they are experiencing.

Question # 20

Under floating exchange rates, expectations of higher interest rates are likely to cause an __________ of the exchange rate.

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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 Chapter 11 Important MCQ's

Sr.# Question Answer
1 If one country, with floating exchange states, has higher inflation than its competitors, we would expect its exchange rate to.
A. Appreciate
B. Depreciate
C. Revalue
D. be in short supply
2 Land will be allocated between competing uses so that.
A. Housing gets priority
B. Industry gets priority
C. Faming gets priority
D. The equilibrium rental rate equilibrium total demand with supply
3 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
4 The value of an asset depends upon
A. Its scrap value
B. Its depreciation
C. The present value of the failure stream of income it can earn.
D. the cost of loans
5 The costs of inflation are
A. Shoe leather costs
B. Menu costs
C. Income redistribution
D. All of the above
6 An optimal tariff is one which reduces imports to the level at which ___ equals
A. imports , exports
B. The balance of trade, zero
C. The demand for currency, the supply of currency
D. Social marginal cost social marginal benefit
7 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
8 In Nash equilibrium each player chooses the best strategy.
A. Assuming other players move first.
B. Dominated by the other players
C. Given the strategies of other players
D. That is a credible threat
9 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
10 The AD schedule indicates that______ inflation is associated with______ output.
A. higher , lower
B. Higher , higher
C. Lower , lower
D. zero ,zero

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