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

A supply curve is directly affected by

Question # 2

A tariff causes domestic firms to __________ and consumers to

Question # 3

In the short run the level of floating exchange rates is determined mainly by.

Question # 4

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

Question # 5

If two firms doing the same thing in the same industry join together this is known as a.

Question # 6

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

Question # 7

All of the following are type of monetary policy except

Question # 8

The business cycle describes fluctuations in output around the.

Question # 9

International difference in opportunity costs lead to countries acquiring.

Question # 10

If desired spending in the economy exceeds income we would expect.

Question # 11

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

Question # 12

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

Question # 13

Top footballers land to earn more than lecturers because.

Question # 14

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

Question # 15

In the classical model, potential output can not be increased by

Question # 16

Normative economics form ______ based on.

Question # 17

A profit maximizing firm will hire labor until _______ equal the

Question # 18

In the neoclassical theory of growth a higher saving rate leads to.

Question # 19

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

Question # 20

Marginal revenue is the ________ when output 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 The impossibility of negative gross investment provides a______ to fluctuations in.
A. Celling, stock building
B. Celling, capital prices
C. floor , output
D. floor , the capital output ratio
2 Economic growth may depend upon __________ and_________
A.
Population size , x -efficiency
B. Population age distribution, education
C. Population growth, education
D. Population growth, technical progress
3 The prisoners Dilemma Game demonstrates that.
A. Players are better off to act independently
B. Monopoly is better than competition
C. People will always cheat
D. Players are better off if they con operate
4 The price elasticity of demand measures
A. The responsiveness of quantity demanded to a change in prie.
B. How far a demand curve shifts
C. A change in price
D. A change in quantity demanded
5 In a fixed exchange rate regime, the central bank will intervene by __ pounds to ______ the exchange rate.
A. Selling, increase
B. buying , increase
C. selling, reduce
D. both b and c
6 The multiplier is calculated as.
A. 1(1-MPC)
B. 1/MPS
C. 1/MPC
D. a or b
7 Efficiency wages are_______ that raise
A. Low wages , employment
B. High wages, labor supply
C. High wages, productivity
D. High wages, employment
8 Macro economics is the study of.
A. Individual building blocks in the economy
B. The relationship between different sectors of the economy
C. Household purchased decisions
D. The economy as a whole
9 Leakages from the circular flow are____ and _____
A. Investment savings, government expenditure
B. Saving , taxes net of subsidies, imports
C. Consumption, investment , government expenditure.
D. Consumption, taxes, impports
10 Starting from a balanced budget, for a given tax rate an increase in income will cause the government budget to.
A. Move into surplus
B. Move into deficit
C. Remain unchanged
D. None of these

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