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 production technique is technically efficient if.

Question # 2

The AD schedule indicates that______ inflation is associated with______ output.

Question # 3

Macro economics is the study of.

Question # 4

The price elasticity of demand measures

Question # 5

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

Question # 6

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

Question # 7

In the absence of international capital controls, central banks set ______ to provide the correct incentive for speculators

Question # 8

Monetarists believe that a reduction in _____ can be achieved by reducing.

Question # 9

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

Question # 10

Economic growth may depend upon __________ and_________

Question # 11

If British Residents want more French francs to purchases more fresh wine, other things equal than the equilibrium value of the pound against the French farce will.

Question # 12

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

Question # 13

Except for taxes to offset ___ taxes are.

Question # 14

Short run equilibrium output means that aggregate demand _ actual output

Question # 15

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

Question # 16

Perfect international capital mobility suggests that international funds will be responsive to _______ differentials.

Question # 17

The allocation of resources is not efficient it

Question # 18

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

Question # 19

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

Question # 20

A dominant strategy 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 A dominant strategy is.
A. A winning strategy
B. A losing strategy
C. A players best strategy when moving fist
D. a player's best strategy whatever the strategies adopted by rivals
2 If British Residents want more French francs to purchases more fresh wine, other things equal than the equilibrium value of the pound against the French farce will.
A. Rise
B. fall
C. not changes
D. fluctuate
3 The effect of a tax to offset a negative eternality will be to ________ price and ____ quantity.
A. Reduce, reduce
B. increase, increase
C. Increase , reduce
D. reduce, increase
4 A good example of a public good is.
A. Public transport
B. National defense
C. The national health service
D. Rail transport
5 For a competitive firm its short run supply curve is ________ and its long run supply curve is.
A. SMC , LMC
B. SMC above SAVC, LMC above LAC
C. SMC below SAVC, LMC above LAC
D. SMC Below SAVC, LMC below LAC
6 Market some times fall to exist because of.
A. Externalities
B. the free rider problem
C. Poor transport
D. a an b
7 In linear consumption function with a positive slope less that on means that if income increase, consumption will.
A. Fall
B. Not change
C. Fluctuate
D. Increase
8 In the economy when a steel producer sells steel to car producer it is regarded as.
A. A final good
B. An intermediate good
C. an injection
D. a leakage
9 At the intersection of AD and AS equilibrium is achieved in.
A. The goods market
B. The money market
C. The labour market
D. All of the above
10 a demand curve can shift because of changing.
A. Incomes
B. Prices of related goods
C. Testes
D. All of the above

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