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

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

Question # 2

At the intersection of AD and AS equilibrium is achieved in.

Question # 3

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

Question # 4

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

Question # 5

On a graph a positive linear relation ship.

Question # 6

International specialization takes place because of.

Question # 7

If your income during one year is L 10,000 ad the following year it is L,12,000 then it has grown by

Question # 8

Starting from a position of internal and external balance a reduction in aggregate demand will cause a current account.

Question # 9

All of the following are type of monetary policy except

Question # 10

A competitive equilibrium is Pareto efficient because.

Question # 11

Under floating exchange rates, expectations of higher interest rates are likely to cause an __________ of the exchange rate.

Question # 12

Human capital can be described as.

Question # 13

The cost of using capital services is the

Question # 14

Economics assumes that people consume goods and services to achieve.

Question # 15

The main cause of different relative costs between countries are.

Question # 16

The costs of inflation are

Question # 17

Injection into the circular flow are _________ and _______

Question # 18

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

Question # 19

An increase in consumer income will increase demand for a __________ for decrease demand for a.

Question # 20

The AD schedule indicates that______ inflation is associated with______ output.

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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 On a graph a positive linear relation ship.
A. Moves down to the right
B. Moves up to the left
C. Moves up to the right
D. Modes down to the left
2 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.
3 In the EMU a country's competitiveness can change because of.
A. Interest rate adjustment
B. Central bank intervention i the forex
C. Domestic wage and price adjustment
D. Devaluations
4 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
5 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
6 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
7 Real GNP is a crude measure of national welfare because it excludes.
A. Consumption
B. Investment
C. Export's
D. work in the home
8 Micro economics is conceded with
A. The economy as a whole
B. The electronics industry
C. The study of individual economic behavior
D. the interactions within the entire economy
9 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
10 Potential output can be increased by _________ or by_________
A. Increasing the use of labour, increasing the use of land
B. Increasing the use of capital, increasing the use of labour
C. Increasing the use of land, increasing the use of capital
D. Increasing the use of all inputs technical advances

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