PPSC Economics Topic 11 MCQS Test Preparation

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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

Fiscal policy is weak under floating exchange rates as fiscal expansion.

Question # 2

Taxes create a wedge between the sales price and purchase price that prevents the price system equaling _________ and

Question # 3

A tariff causes domestic firms to __________ and consumers to

Question # 4

A current account deficit means that a country may.

Question # 5

Positive cross elasticities suggest that goods are ______ and negative cross elasticities that goods are.

Question # 6

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

Question # 7

In the circular flow we would expect leakages to __________ injections.

Question # 8

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

Question # 9

Economic transition involves high inflation because ______ and _____

Question # 10

If two firms doing the same thing in the same industry join together this is known as a.

Question # 11

If demand is _______ then price cuts will ________ spending.

Question # 12

All of the following are types of imperfect competition except

Question # 13

The price elasticity of demand measures

Question # 14

a demand curve can shift because of changing.

Question # 15

The equilibrium inflation rate is determine by the intersection of __________ and ___

Question # 16

The opportunity cost of a student is.

Question # 17

The key issues of macroeconomics are

Question # 18

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

Question # 19

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

Question # 20

Comparing a monopoly and a competitive firm the monopolist will.

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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 short run the level of floating exchange rates is determined mainly by.
A. Interest rates
B. Competitiveness
C. Trade
D. Speculation
2 The growth rate of economics tend to converge because._________ is easier when capital per worker is low and because of_____
A. capital widening, technical innovation
B. Capital widening, catch up in technology
C. Capital deepening, technical innovation
D. Capital deepening, catch up technology.
3 If the central bank buys financial securities in the open market to increase the monetary base, this is an example of.
A. Lender of last resort
B. Financial intermediation
C. Open market operations
D. Financial regulation.
4 Economic growth may depend upon __________ and_________
A.
Population size , x -efficiency
B. Population age distribution, education
C. Population growth, education
D. Population growth, technical progress
5 Comparing a monopoly and a competitive firm the monopolist will.
A. Produce less at a lower price
B. Produce more at a lower price
C. Produce less at a higher price
D. Produce less at a lower price
6 The short run marginal cost curve cuts the short run total cost curve and short run average variable cost curve.
A. At their lowest points
B. When they are declining
C. When they are increasing.
D. When marginal revenue is zero
7 In the UK in recent years, union membership has ______ and days of work lost because of strikes has.
A. Grown, declined
B. declined, declined
C. declined, grown
D. grown , grown
8 The increase in total cost when one more units is produced is known as.
A. Marginal cost
B. Opportunity cost
C. Limited cost
D. Average cost
9 Aggregate demand in an economy trading internationally with a government sector can be written s.
A. AD = C+1
B. AD = C + 1+ G
C. AD = C +1+G+X+Z
D. AD+C+1+G+X-Z
10 import substitution is the replacement of ________ by domestic production under the protection of.
A. exports, subsidies
B. Exports, patents
C. imports, high tariffs or import quotes
D. Imports, subsidies

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