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

Question # 2

The increase in total cost when one more units is produced is known as.

Question # 3

a demand curve can shift because of changing.

Question # 4

A profit maximizing firm will hire labor until _______ equal the

Question # 5

Satellite television subscription and television detection devices are ways in which broadcasting companies address the _____ problem.

Question # 6

In the economy when a steel producer sells steel to car producer it is regarded as.

Question # 7

Fiscal policy is weak under floating exchange rates as fiscal expansion.

Question # 8

Monetarists believe that a reduction in _____ can be achieved by reducing.

Question # 9

The long run Philips curve is _________ at the ______

Question # 10

If banks and the private sector decide to hold less cash the money multiplier will be.

Question # 11

All of the following represent obstacles to LDC development except.

Question # 12

The theory that explains business cycles by the dynamic interaction of consumption and investment demand is the.

Question # 13

If the central bank buys financial securities in the open market to increase the monetary base, this is an example of.

Question # 14

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

Question # 15

Polices to reduce unemployment by reducing union power tax cut reduction is unemployment benefit and investment. subsidies are examples of.

Question # 16

All of the following are parts of the business cycle except.

Question # 17

The firms long run output decision will be where.

Question # 18

Economics is the study of

Question # 19

For a competitive firm its short run supply curve is ________ and its long run supply curve is.

Question # 20

The multiplier tells us how much __________ chagnes after a shift in.

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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 If both Marginal cost and marginal revenue increase, a firm.
A. Should increase output
B. Should reduce output
C. Will require further information on how to respond
D. should not change output
2 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.
A. Smaller
B. Larger
C. the same size
D. None of these
3 Economics assumes that people consume goods and services to achieve.
A. Status
B. Prestige
C. Utility
D. Self esteem
4 If desired spending in the economy exceeds income we would expect.
A. House hold to save more
B. Firm to produce less
C. Firms is produce more
D. the MPC to change
5 Marginal revenue is the ________ when output is.
A. Change in average revenue, inversed.
B. change in total revenue, increased by one unit
C. change in average revenue, increased by one unit
D. Change in total revenue, incresed.
6 Government may contribute to inflationary pressure on account of building up large.
A. Numbers of employees
B. Welfare plans
C. Budget deficits
D. Expenditure.
7 Polices to reduce unemployment by reducing union power tax cut reduction is unemployment benefit and investment. subsidies are examples of.
A. Keynesian polices
B. Supply side policies
C. Monetarist policies
D. Classical policies
8 A fixed exchange rate, plus perfect capital mobility _______ the scope for monetary policy.
A. Enhances
B. Undermines
C. Encourages
D. Facilitates
9 A monopoly may be self perpetuating because profits may be used for
A. research
B. Cost saving
C. Technical advance
D. All of the above
10 The firms long run output decision will be where.
A. Long run average cost a lowest
B. Marginal revenue equals output
C. Marginal revenue equals long run marginal cost
D. Marginal cost equals output

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