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

In the absence of international capital controls, central banks set ______ to provide the correct incentive for speculators

Question # 2

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

Question # 3

a demand curve can shift because of changing.

Question # 4

With fixed exchange rates and no private currency flow, when the central bank buys domestic currency the domestic money supply is.

Question # 5

Output fell sharply in the transition economies because.

Question # 6

The multiplier accelerator model assumes _______ depends on.

Question # 7

Potential output can be increased by _________ or by_________

Question # 8

The equilibrium price clears the market it is the price at which.

Question # 9

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

Question # 10

A competitive equilibrium is Pareto efficient because.

Question # 11

Starting from a position of internal and external balance a reduction in aggregate demand will cause a current account.

Question # 12

Economics is the study of

Question # 13

Short run equilibrium output means that aggregate demand _ actual output

Question # 14

A production technique is technically efficient if.

Question # 15

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

Question # 16

Leakages from the circular flow are____ and _____

Question # 17

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

Question # 18

Marginal revenue is the ________ when output is.

Question # 19

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

Question # 20

The business cycle is not transmitted from one country to another through.

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Economics
11th Chapter

PPSC Economics Chapter 11 Test

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PPSC Economics Chapter 11 Important MCQ's

Sr.# Question Answer
1 The abolition of income tax would probably ________ the number of workers in employment and____________ the equilibrium. rate of unemployment.
A. increase ; decrease
B. increase ; increase
C. reduce ; increase
D. reduce ; reduce
2 All of the following are parts of the business cycle except.
A. Boom
B. slump
C. Recovery
D. Acceleration
3 In the absence of international capital controls, central banks set ______ to provide the correct incentive for speculators
A. Money supply targets
B. Income policy
C. Interest rates
D. Inflation targets
4 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.
5 If a country has a burden of debt it cannot sustain it can.
A. Reschedule debt
B. Get a loan from an international organization
C. Default on the loan
D. Any of the above
6 Firms are assumed to ____ costs and to _______ profit.
A. Incur , desire
B. Pay ; make
C. Change ;earn
D. Minimize ; maximize
7 Within circular flow of income, an increase in domestic income iwll lend to increase.
A. Exports
B. Taxes
C. Inventories
D. Imports
8 Except for taxes to offset ___ taxes are.
A. Imperfect competition , popular
B. Extremality's, distortionary
C. Inequality, a first best option
D. Poor health, unnecessary
9 In a competitive industry each buyer and seller.
A. Is a price taker
B. Produce different products
C. Believes that can influence price
D. Prevents the entry of competitors
10 Short run equilibrium output means that aggregate demand _ actual output
A. is less than
B. equals
C. is greater than
D. fluctuates around

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