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

We cannot say whether one allocation of resources is better than another allocation because.

Question # 2

A good example of a public good is.

Question # 3

If my neighbor burns garden waste causing my house to fil with smoke this is an example of.

Question # 4

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

Question # 5

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

Question # 6

When real income increases, other things equal we fan expect the demand for real money holdings to.

Question # 7

The price elasticity of demand measures

Question # 8

A fall in investment demand can result from

Question # 9

The AD schedule indicates that______ inflation is associated with______ output.

Question # 10

If your income doubles and the prices of the goods you buy double, then your demand for these goods will likely

Question # 11

We would normally expect the size of the labour force to be ____ than the number of workers willing to accept job offers at any real wage rate.

Question # 12

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 # 13

Floating exchange rates are __ in the short run

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

Higher export demand _______ output and a higher MPZ______ output..

Question # 16

Human capital can be described as.

Question # 17

Bank create money by

Question # 18

Possible causes of involuntary unemployment are

Question # 19

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

Question # 20

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

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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 A rise in the real exchange rate will __ the competitiveness of the domestic economy.
A. Increase
B. reduce
C. do nothing do
D. all of these
2 When investment is assumed to autonomous the slope of the AD schedule is determined by the.
A. Marginal propensity to invest.
B. disposable income
C. Marginal propensity to consume
D. Average properisity to consume
3 In the UK under a _________ of the labour force belong to a trade union.
A. Quarter
B. Third
C. Half
D. Three quarters
4 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.
5 The real value can be derived from a nominal value by
A. Adjusting changes over time
B. Adjusting for data collection errors
C. Adjusting for population changes
D. Adjusting for changes in prices
6 The theory that explains business cycles by the dynamic interaction of consumption and investment demand is the.
A. Sun spect theory
B. Multiplier accelerator model
C. Solow theory
D. New classical theory
7 When capital mobility is perfect, interest rate differentials will tend to be offset by
A. Price differences.
B. Balance of payments differences.
C. Current account differences.
D. Expected exchange rate changes
8 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
9 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
10 The retail price index is used to.
A. Construct price lists
B. Compare shop prices
C. Measure changes in the cost of living
D. None of the above

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