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

Real business cycle theories suggest that _____ to correct departures from the desired growth path.

Question # 2

The cost of using capital services is the

Question # 3

All of the following represent obstacles to LDC development except.

Question # 4

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

Question # 5

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

Question # 6

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

Question # 7

If the diagram of a line shows that lower values on the vertical scale are associated with higher values on the horizontal scale this is an example of.

Question # 8

Aggregate demand without a foreign sector is the sum of.

Question # 9

The multiplier accelerator model assumes _______ depends on.

Question # 10

Starting from a balanced budget, for a given tax rate an increase in income will cause the government budget to.

Question # 11

A profit maximizing firm will hire labor until _______ equal the

Question # 12

If goods are exported for less than society's marginal production cost and the marginal benefit to domestic consumers, it is likely that they benefit from.

Question # 13

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

Question # 14

Real business cycle are cycles in

Question # 15

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

Question # 16

Moral Hazard means that the act of insuring __________ that the desired outcome will occur.

Question # 17

If a price increase of good A increases the quantity demanded of good B, then good B is a.

Question # 18

Bank create money by

Question # 19

Leakages from the circular flow are____ and _____

Question # 20

In a competitive industry each buyer and seller.

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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 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.
2 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
3 Higher export demand _______ output and a higher MPZ______ output..
A. Reduces, reduces
B. Reduces, increases
C. Increases, reduces
D. increases, increases
4 Floating exchange rates are __ in the short run
A. Stable
B. Volatile
C. Predictable
D. Depreciating
5 Real business cycle are cycles in
A. Potential output
B. Actual output
C. Real output
D. International trade
6 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
7 When the level of income _______ there will be atendency for the trade balance to improve as imports.
A. Increases, increase
B. falls, fall
C. Increase, fall
D. fall , increase
8 One of the transmission mechanism of monetary policy is through consumer house hold wealth.___________ and consumption.
A. rise, increases, increases
B. rise, falls, increases
C. rise, increases, falls
D. rise, falls, falls
9 Market some times fall to exist because of.
A. Externalities
B. the free rider problem
C. Poor transport
D. a an b
10 If a person thinks they are better off after a 10% wage increase, and all prices have risen 10%, then they are experiencing.
A. Inflation
B. A supply shocks
C. Crowding out
D. Inflation illusion

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