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

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Question # 1

If my neighbor burns garden waste causing my house to fil with smoke this is an example of.

Question # 2

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

Question # 3

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

Question # 4

If the consumption of a good by one person does not reduce the quantity available by other and nobody cna be easily excluded from consumption, we are referring to a.

Question # 5

A straight line diagram can be drawn knowing the _______ and _____

Question # 6

International difference in opportunity costs lead to countries acquiring.

Question # 7

A good example of a public good is.

Question # 8

Aggregate demand in an economy trading internationally with a government sector can be written s.

Question # 9

If a long average cost rises, output rises from left to right this is an example of.

Question # 10

One of the transmission mechanism of monetary policy is through consumer house hold wealth.___________ and consumption.

Question # 11

Land will be allocated between competing uses so that.

Question # 12

Micro economics is conceded with

Question # 13

If demand is _______ then price cuts will ________ spending.

Question # 14

Real GNP measures income

Question # 15

A current account deficit means that a country may.

Question # 16

The opportunity cost of a student is.

Question # 17

All of the following are types of imperfect competition except

Question # 18

The key issues of macroeconomics are

Question # 19

In the UK in recent years, union membership has ______ and days of work lost because of strikes has.

Question # 20

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

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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 Aggregate demand without a foreign sector is the sum of.
A. c+1
B. C+G
C. 1+G
D. C+!+G
2 The multiplier is calculated as.
A. 1(1-MPC)
B. 1/MPS
C. 1/MPC
D. a or b
3 If demand is _______ then price cuts will ________ spending.
A. Inelastic, increase
B. Elastic, increase
C. Elastic, decreases
D. None of the above
4 An allocation is Pareto efficient if no reallocation of resources would make some people_______ whiteout making others
A. Worse off, worse off
B. better off, better off
C. better off, worse off
D. equal , unequal
5 A reduction in interest rates, causes an increases in the monetary base that result in an_____ in the availability of consumer credit and a _ in the cost of consumer credit.
A. Reduction, increases
B. reduction,reduction
C. increase, reduction
D. increases, increases
6 Human capital can be described as.
A. The tools used by workers to entrances productivity
B. a persons inherited abilities.
C. The stock of expertise accumulated by a worker
D. Education
7 Higher export demand _______ output and a higher MPZ______ output..
A. Reduces, reduces
B. Reduces, increases
C. Increases, reduces
D. increases, increases
8 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
9 A current account deficit means that a country may.
A. Reduce its stock of foreign assets
B. Increases its stock of foreign assets
C. Increases its savings
D. Increases its foreign currency reserves.
10 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

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