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

The quantity theory of money says that changes in ______ lead to equivalent changes in ______ but have no effect on.

Question # 2

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

Question # 3

The real value can be derived from a nominal value by

Question # 4

The short run Philips curve can shift in response to changes in

Question # 5

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

Question # 6

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

Question # 7

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

Question # 8

If your income doubles and the prices of the goods you buy double, then your demand for these goods will likely

Question # 9

Bank create money by

Question # 10

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 # 11

The opportunity cost of a student is.

Question # 12

In the EMU a country's competitiveness can change because of.

Question # 13

In linear consumption function with a positive slope less that on means that if income increase, consumption will.

Question # 14

When the level of income _______ there will be atendency for the trade balance to improve as imports.

Question # 15

The imposition of a tariff causes consumption to _______ and imports to.

Question # 16

Higher export demand _______ output and a higher MPZ______ output..

Question # 17

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

Question # 18

All of the following represent obstacles to LDC development except.

Question # 19

In a free market

Question # 20

A competitive firms demand curve is.

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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 Starting from a position of internal and external balance a reduction in aggregate demand will cause a current account.
A. Deficit
B. Surplus
C. Revaluation
D. Devaluation
2 GDP per head may be an imperfect measure of economic welfare because it excludes.
A. The value of leisure
B. Externalities
C. Untraded goods
D. All of the above
3 If a price increase of good A increases the quantity demanded of good B, then good B is a.
A. substitute good
B. Complementary good
C. Bargain
D. Interior good
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 In the UK under a _________ of the labour force belong to a trade union.
A. Quarter
B. Third
C. Half
D. Three quarters
6 The business cycle describes fluctuations in output around the.
A. Trend path of output
B. Boom
C. Recession
D. Short run fluctuations in output
7 the Maastricht criteria for entry to the EMU are that applicants should have
A. Low inflation
B. Low interest rates
C. Stable nominal exchange rate
D. All of the above
8 All of the following are types of imperfect competition except
A. Monopolistic competition
B. Oligopoly
C. Monopoly
D. Unfair competition
9 In the neoclassical theory of growth a higher saving rate leads to.
A. A higher growth rate
B. A fluctuating growth rate
C. A lower growth rate
D. No change in the growth rate
10 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

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