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

00:00
Question # 1

In the circular flow we would expect leakages to __________ injections.

Question # 2

If the MPC is 0.5 the multiplier is

Question # 3

In the short run, the supply of capital is _______ and in the long run iwll depend on.

Question # 4

A production technique is technically efficient if.

Question # 5

Economics assumes that people consume goods and services to achieve.

Question # 6

When capital mobility is perfect, interest rate differentials will tend to be offset by

Question # 7

Within circular flow of income, an increase in domestic income iwll lend to increase.

Question # 8

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

Question # 9

a demand curve can shift because of changing.

Question # 10

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

Question # 11

The long run Philips curve is _________ at the ______

Question # 12

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

Question # 13

Short run equilibrium output means that aggregate demand _ actual output

Question # 14

A competitive equilibrium is Pareto efficient because.

Question # 15

Women and non whiles on average receive lower comes than white men because.

Question # 16

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

Question # 17

The AD schedule indicates that______ inflation is associated with______ output.

Question # 18

Leakages from the circular flow are____ and _____

Question # 19

GDP per head may be an imperfect measure of economic welfare because it excludes.

Question # 20

With fixed exchange rates and no private currency flow, when the central bank buys domestic currency the domestic money supply is.

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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 All of the following represent obstacles to LDC development except.
A. Resource scarcity
B. Low level of investment
C. Low population
D. Poor infrastructure
2 If your income during one year is L 10,000 ad the following year it is L,12,000 then it has grown by
A. 20%
B. 2%
C. 12%
D. 15%
3 Economics assumes that people consume goods and services to achieve.
A. Status
B. Prestige
C. Utility
D. Self esteem
4 A competitive firm produces a level of output at which.
A. Price is greater than marginal cost
B. Price equals marginal cost
C. Price is less than marginal cost
D. None of the above
5 In a competitive industry each buyer and seller.
A. Is a price taker
B. Produce different products
C. Believes that can influence price
D. Prevents the entry of competitors
6 Comparing a monopoly and a competitive firm the monopolist will.
A. Produce less at a lower price
B. Produce more at a lower price
C. Produce less at a higher price
D. Produce less at a lower price
7 Higher export demand _______ output and a higher MPZ______ output..
A. Reduces, reduces
B. Reduces, increases
C. Increases, reduces
D. increases, increases
8 Firms are assumed to ____ costs and to _______ profit.
A. Incur , desire
B. Pay ; make
C. Change ;earn
D. Minimize ; maximize
9 Expansionary fiscal policy in the classical model will cause aggregate demand to ______ potential output.
A. Exceed
B. Fall below
C. Fluclaute around
D. Remain equal to.
10 import substitution is the replacement of ________ by domestic production under the protection of.
A. exports, subsidies
B. Exports, patents
C. imports, high tariffs or import quotes
D. Imports, subsidies

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