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

A straight line diagram can be drawn knowing the _______ and _____

Question # 2

A production technique is technically efficient if.

Question # 3

Macro economics is the study of.

Question # 4

A fixed exchange rate, plus perfect capital mobility _______ the scope for monetary policy.

Question # 5

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

Question # 6

Land will be allocated between competing uses so that.

Question # 7

The impossibility of negative gross investment provides a______ to fluctuations in.

Question # 8

If as result of householder wish to save more there is a change in equilibrium income and no change in equilibrium saving this as an example of.

Question # 9

The AD schedule indicates that______ inflation is associated with______ output.

Question # 10

The business cycle describes fluctuations in output around the.

Question # 11

The multiplier accelerator model assumes _______ depends on.

Question # 12

An optimal tariff is one which reduces imports to the level at which ___ equals

Question # 13

When we refer to the hidden economy we mean unrecorded income owing to.

Question # 14

A reduction in interest rates, causes an increases in the monetary base that result in an_____ in the availability of consumer credit and a _ in the cost of consumer credit.

Question # 15

In a competitive industry each buyer and seller.

Question # 16

If both Marginal cost and marginal revenue increase, a firm.

Question # 17

Short run equilibrium output means that aggregate demand _ actual output

Question # 18

In linear consumption function with a positive slope less that on means that if income increase, consumption will.

Question # 19

Comparing a monopoly and a competitive firm the monopolist will.

Question # 20

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

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Economics
11th Chapter

PPSC Economics Chapter 11 Test

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PPSC Economics Chapter 11 Important MCQ's

Sr.# Question Answer
1 Higher export demand _______ output and a higher MPZ______ output..
A. Reduces, reduces
B. Reduces, increases
C. Increases, reduces
D. increases, increases
2 Taxes create a wedge between the sales price and purchase price that prevents the price system equaling _________ and
A. Marginal costs, marginal benefits
B. Demand, supply
C. Marginal cost, marginal revenue
D. Marginal cost, average cost
3 the Maastricht criteria for entry to the EMU are that applicants should have
A. Low inflation
B. Low interest rates
C. Stable nominal exchange rate
D. All of the above
4 The most important source of wage differentiate are.
A. Reginal variation
B. Unionization
C. Relative danger
D. Skills
5 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
6 Short run equilibrium output means that aggregate demand _ actual output
A. is less than
B. equals
C. is greater than
D. fluctuates around
7 In the short run, the supply of capital is _______ and in the long run iwll depend on.
A. Variable technology
B. Fixed, expectations
C. Fixed, rental rate of capital
D. Variable, interest rates.
8 The level of the equilibrium exchange rate offsets international difference in.
A. Comparative advantage
B. Absolute advantage
C. Opportunity cost
D. Relative costs
9 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%
10 When the level of income _______ there will be atendency for the trade balance to improve as imports.
A. Increases, increase
B. falls, fall
C. Increase, fall
D. fall , increase

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