PPSC Economics Topic 11 MCQS Test Preparation

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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

The level of the equilibrium exchange rate offsets international difference in.

Question # 2

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

Question # 3

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

Question # 4

In an open economy leakages to imports ______ the value of the multiplier.

Question # 5

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 # 6

Potential output can be increased by _________ or by_________

Question # 7

A profit maximizing firm will hire labor until _______ equal the

Question # 8

Moral Hazard means that the act of insuring __________ that the desired outcome will occur.

Question # 9

All of the following are types of imperfect competition except

Question # 10

The equilibrium price clears the market it is the price at which.

Question # 11

The multiplier accelerator model assumes _______ depends on.

Question # 12

In the short run the level of floating exchange rates is determined mainly by.

Question # 13

In the UK mergers can be referred to the competition commission of they create a firm with _______ of the market.

Question # 14

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 # 15

Short run average total costs are equal to the sum of _______ and______

Question # 16

Government may contribute to inflationary pressure on account of building up large.

Question # 17

On a graph a positive linear relation ship.

Question # 18

Economics assumes that people consume goods and services to achieve.

Question # 19

Aggregate demand in an economy trading internationally with a government sector can be written s.

Question # 20

When capital mobility is perfect, interest rate differentials will tend to be offset by

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Economics
11th Chapter

PPSC Economics Chapter 11 Test

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Sr.# Question Answer
1 The business cycle describes fluctuations in output around the.
A. Trend path of output
B. Boom
C. Recession
D. Short run fluctuations in output
2 In an economy, measuring total value (1) added, total value(2) spending on final goods and 3 total factor earning gives the result that.
A. 3>2>1
B. 3 +2>1
C. 3<2<1
D. Any measure can be larger or smaller than any other
3 A fixed exchange rate, plus perfect capital mobility _______ the scope for monetary policy.
A. Enhances
B. Undermines
C. Encourages
D. Facilitates
4 Short run average total costs are equal to the sum of _______ and______
A. Short run opportunity costs, profit
B. Short run average variable costs, profit
C. short run average variable costs, profit.
D. Short run average variable costs short run average fixed costs
5 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
6 The most important source of wage differentiate are.
A. Reginal variation
B. Unionization
C. Relative danger
D. Skills
7 The abolition of income tax would probably ________ the number of workers in employment and____________ the equilibrium. rate of unemployment.
A. increase ; decrease
B. increase ; increase
C. reduce ; increase
D. reduce ; reduce
8 Under floating exchange rates, expectations of higher interest rates are likely to cause an __________ of the exchange rate.
A. Depreciation
B. Appreciation
C. fall
D. Devaluation
9 In the absence of international capital controls, central banks set ______ to provide the correct incentive for speculators
A. Money supply targets
B. Income policy
C. Interest rates
D. Inflation targets
10 When we know the quantity of a product that buyers wish to purchases at each possible price we know.
A. Demand
B. Supply
C. excess demand
D. Excess supply

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