PPSC Economics Topic 11 Assess Your Basics MCQS

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huma 30 - Jun - 2021 12 Min 23 Sec 8/20
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savera 03 - Jul - 2021 04 Min 58 Sec 6/20
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Abdul Basit 26 - May - 2022 05 Min 13 Sec 6/20
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abuzar 02 - Aug - 2023 08 Min 12 Sec 6/20

PPSC Economics Chapter 11 Important MCQ's

Sr.#	Question	Answer
1	An advocate of the classical model of the economy would claim that unemployment a created when the ___________ is above its equilibrium level in the.	A. Price level, agregate economy B. Tax rate, government ebudget C. Wage rate, labour market D. Interest rate, market for loanable funds
2	A tariff causes domestic firms to __________ and consumers to	A. Overproduced, under consume B. overproduce , overconsume C. Underproduce, under consume D. underproduce, overconsume
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	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	If banks and the private sector decide to hold less cash the money multiplier will be.	A. Unchanged B. Larger C. Smaller D. unstable
6	The business cycle describes fluctuations in output around the.	A. Trend path of output B. Boom C. Recession D. Short run fluctuations in output
7	If your income doubles and the prices of the goods you buy double, then your demand for these goods will likely	A. Increase B. Not change C. Decrease D. Shift
8	The opportunity cost of a student is.	A. Course fees and rent B. A loan from the bank C. What the student could have earned in the best job available by not studying. D. What the student will earn after graduation.
9	In the UK in recent years, union membership has ______ and days of work lost because of strikes has.	A. Grown, declined B. declined, declined C. declined, grown D. grown , grown
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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PPSC Economics Topic 11 MCQS Test Preparation

MCQ's Test For PPSC Economics Topic 11 Assess Your Basics

PPSC Economics Topic 11 Assess Your Basics

The price elasticity of demand measures

Polices to reduce unemployment by reducing union power tax cut reduction is unemployment benefit and investment. subsidies are examples of.

Starting from a balanced budget, for a given tax rate an increase in income will cause the government budget to.

International difference in opportunity costs lead to countries acquiring.

Extremality's arise because there is a divergence between ____ and _

Output fell sharply in the transition economies because.

A competitive firm produces a level of output at which.

Real business cycle are cycles in

Micro economics is conceded with

The single European Act committed_ governments to a ___ in 1992

If a firm not operating at the output necessary to achieve al scale economies it has not achieved its.

If a country has a burden of debt it cannot sustain it can.

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

The real value can be derived from a nominal value by

the Maastricht criteria for entry to the EMU are that applicants should have

The quantity theory of money says that changes in ______ lead to equivalent changes in ______ but have no effect on.

Injection into the circular flow are _________ and _______

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

Within circular flow of income, an increase in domestic income iwll lend to increase.

Taxes create a wedge between the sales price and purchase price that prevents the price system equaling _________ and

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Topic Test

PPSC Economics Chapter 11 Test

Top Scorers Of PPSC Economics Topic 11 Assess Your Basics MCQ`s Test

PPSC Economics Chapter 11 Important MCQ's

Test Questions

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The quantity theory of money says that changes in lead to equivalent changes in but have no effect on.

Injection into the circular flow are ___ and _