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

All of the following are types of imperfect competition except

Question # 2

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

Question # 3

Efficiency wages are_______ that raise

Question # 4

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

Question # 5

A monopoly may be self perpetuating because profits may be used for

Question # 6

M4 is a _________ measures of money and includes deposits at both _____________ and

Question # 7

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

Question # 8

A firm that breaks even after all economic costs are paid is earning.

Question # 9

An upward shift in marginal cost ___________ output and an upward shift in _____ marginal revenue __ output.

Question # 10

When the S/L exchange rate rises the pounds______ and whent he S/L rate falls the pounds.

Question # 11

If the MPC is 0.5 the multiplier is

Question # 12

All of the following are benefits of the single market except.

Question # 13

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

Question # 14

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

Question # 15

The price elasticity of demand measures

Question # 16

The main cause of different relative costs between countries are.

Question # 17

Expansionary fiscal policy in the classical model will cause aggregate demand to ______ potential output.

Question # 18

In the event of an increase in the international price of oil that encouraged the central bank to accept lower real interest rates, inflation would most likely.

Question # 19

The real value can be derived from a nominal value by

Question # 20

If British Residents want more French francs to purchases more fresh wine, other things equal than the equilibrium value of the pound against the French farce will.

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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 a demand curve can shift because of changing.
A. Incomes
B. Prices of related goods
C. Testes
D. All of the above
2 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.
A. Private good
B. Merit good
C. Public good
D. Abundant good
3 An increase in consumer income will increase demand for a __________ for decrease demand for a.
A. Substitute good interior good
B. Normal good, interior good
C. Interior good, normal good.
D. Normal good, complementary good.
4 The most important source of wage differentiate are.
A. Reginal variation
B. Unionization
C. Relative danger
D. Skills
5 International specialization takes place because of.
A. Differences in technology
B. Differences in factor endowments
C. Scale economies
D. All of the above
6 A natural monopoly has a declining ________ over a large range of output.
A. Long run marginal cost
B. Short run marginal cost
C. Long run average cost
D. Long run marginal cost
7 Adding up the quantities demanded of a good by different people facing the same price gives us the.
A. Supply curve
B. Market demand curve
C. Demand curve
D. Market supply curve
8 The participation rate in the labour force is affected by
A. Higher real wages
B. Lower fixed costs of working
C. Lower non labor income
D. All of the above
9 In an open economy leakages to imports ______ the value of the multiplier.
A. Reduce
B. Increase
C. do not change
D. None of these
10 Bank create money by
A. Printing it
B. Issuing debit cards
C. Accepting chequeens
D. Lending out part of their deposits

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