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

LDC's often have a comparative advantage in the production of.

Question # 2

Micro economics is conceded with

Question # 3

An increase in consumer income will increase demand for a __________ for decrease demand for a.

Question # 4

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

Question # 5

The real value can be derived from a nominal value by

Question # 6

The firms long run output decision will be where.

Question # 7

If demand is _______ then price cuts will ________ spending.

Question # 8

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

Question # 9

At the intersection of AD and AS equilibrium is achieved in.

Question # 10

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

Question # 11

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

Question # 12

The Keynesian model is a good guide to ______ behavior and the classical model describes behavior in.

Question # 13

If some body is prepared to work at the going wage rate but cannot find work than they are victims of.

Question # 14

A supply curve is directly affected by

Question # 15

In the classical model, potential output can not be increased by

Question # 16

When we know the quantity of a product that buyers wish to purchases at each possible price we know.

Question # 17

Leakages from the circular flow are____ and _____

Question # 18

In the neoclassical theory of growth a higher saving rate leads to.

Question # 19

The extra utility from consuming one more unit of a good is called.

Question # 20

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

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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 Efficiency wages are_______ that raise
A. Low wages , employment
B. High wages, labor supply
C. High wages, productivity
D. High wages, employment
2 The cost of using capital services is the
A. wage rate of capital
B. Interest charges
C. Marginal capital cost
D. Rental rate for capital
3 Women and non whiles on average receive lower comes than white men because.
A. They tend to work in relatively unskilled jobs
B. Educational disadvantage
C. Firms are reluctant to invest in training
D. All of the above
4 Government may contribute to inflationary pressure on account of building up large.
A. Numbers of employees
B. Welfare plans
C. Budget deficits
D. Expenditure.
5 Extremality's arise because there is a divergence between ____ and _
A. Private costs, private benefits
B. Private costs, social costs of benefits
C. Social cost, social benefit
D. Insiders, outsiders
6 Real GNP measures income
A. Including non market activities
B. Adjusted for inflation
C. Including externalities
D. Including tax evasion
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 If the income tax rate changes from 30% to 40% on incomes over L 30,000 and a person's income is l 31,000 then her marginal tax rate is.
A. 30%
B. 10%
C. 70%
D. 40%
9 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
10 In the classical model, potential output can not be increased by
A. Monetary growth
B. Better technology
C. More capital
D. higher labour supply

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