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

  • Total Questions20

  • Time Allowed20

PPSC Economics Topic 11 Assess Your Basics

00:00
Question # 1

import substitution is the replacement of ________ by domestic production under the protection of.

Question # 2

The effect of a tax to offset a negative eternality will be to ________ price and ____ quantity.

Question # 3

Land will be allocated between competing uses so that.

Question # 4

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.

Question # 5

Economics assumes that people consume goods and services to achieve.

Question # 6

The firms long run output decision will be where.

Question # 7

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

Question # 8

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

Question # 9

Micro economics is conceded with

Question # 10

The primary function of a bank is to.

Question # 11

In the absence of international capital controls, central banks set ______ to provide the correct incentive for speculators

Question # 12

A fall in investment demand can result from

Question # 13

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

Question # 14

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

Question # 15

The short run marginal cost curve cuts the short run total cost curve and short run average variable cost curve.

Question # 16

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

Question # 17

A dominant strategy is.

Question # 18

The multiplier accelerator model assumes _______ depends on.

Question # 19

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

Question # 20

The price elasticity of demand measures

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11th Chapter

PPSC Economics Chapter 11 Test

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Sr.# Question Answer
1 Women and non whiles on average receive lower comes than white men because.
A. They tend to work in relatively unskilled jobs
B. Educational disadvantage
C. Firms are reluctant to invest in training
D. All of the above
2 In the circular flow we would expect leakages to __________ injections.
A. equal
B. be less than
C. by greater than
D. Be less or greater than
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 If some body is prepared to work at the going wage rate but cannot find work than they are victims of.
A. Voluntary unemployment
B. Classical unemployment
C. Frictional unemployment.
D. All of the above
5 With fixed exchange rates and no private currency flow, when the central bank buys domestic currency the domestic money supply is.
A. Increased
B. Unaffected
C. Reduced
D. All of the above
6 The growth rate of economics tend to converge because._________ is easier when capital per worker is low and because of_____
A. capital widening, technical innovation
B. Capital widening, catch up in technology
C. Capital deepening, technical innovation
D. Capital deepening, catch up technology.
7 Real business cycle theory suggests that __________ not important in explaining short term fluctuations around actual output.
A. aggregate supply is
B. aggregate demand is
C. Potential output is
D. Real variables are
8 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
9 Real GNP measures income
A. Including non market activities
B. Adjusted for inflation
C. Including externalities
D. Including tax evasion
10 a demand curve can shift because of changing.
A. Incomes
B. Prices of related goods
C. Testes
D. All of the above

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