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

If the central bank buys financial securities in the open market to increase the monetary base, this is an example of.

Question # 2

Real business cycle theory suggests that __________ not important in explaining short term fluctuations around actual output.

Question # 3

Positive cross elasticities suggest that goods are ______ and negative cross elasticities that goods are.

Question # 4

Comparing a monopoly and a competitive firm the monopolist will.

Question # 5

When investment is assumed to autonomous the slope of the AD schedule is determined by the.

Question # 6

In the UK in recent years, union membership has ______ and days of work lost because of strikes has.

Question # 7

Potential output can be increased by _________ or by_________

Question # 8

Output fell sharply in the transition economies because.

Question # 9

The opportunity cost of a good is.

Question # 10

For a competitive firm its short run supply curve is ________ and its long run supply curve is.

Question # 11

Normative economics form ______ based on.

Question # 12

In the short run, the supply of capital is _______ and in the long run iwll depend on.

Question # 13

The theory that explains business cycles by the dynamic interaction of consumption and investment demand is the.

Question # 14

Market failure may arise because of.

Question # 15

The total multiplier for the economy will reflect.

Question # 16

Real business cycle are cycles in

Question # 17

Economics is the study of

Question # 18

Efficiency wages are_______ that raise

Question # 19

If two firms doing the same thing in the same industry join together this is known as a.

Question # 20

The growth rate of economics tend to converge because._________ is easier when capital per worker is low and because of_____

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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 Aggregate demand without a foreign sector is the sum of.
A. c+1
B. C+G
C. 1+G
D. C+!+G
2 A person who is made redundant because of the contraction of an industry is a victim of.
A. Frictional unemployment
B. Demand deficient unemployment
C. Classical unemployment
D. Structural unemployment
3 In the ERM, each country fixed ___ against each other ERM participant collectively the group._____ against the rest of the world.
A. A nominal exchange rate, floated
B. A real exchange rate, pegged
C. a purchasing power parity, pegged
D. a real exchange rate, floated
4 In a fixed exchange rate regime, the central bank will intervene by __ pounds to ______ the exchange rate.
A. Selling, increase
B. buying , increase
C. selling, reduce
D. both b and c
5 If a firm not operating at the output necessary to achieve al scale economies it has not achieved its.
A. Efficient scale
B. Average efficient scale
C. Maximum efficient scale
D. Minimum efficient scale
6 In a free market
A. Government intervene
B. Government plan production
C. Government interfere
D. Price adjust to reconcile scarcity and desires.
7 If both Marginal cost and marginal revenue increase, a firm.
A. Should increase output
B. Should reduce output
C. Will require further information on how to respond
D. should not change output
8 Output fell sharply in the transition economies because.
A. Banks were undoable to function
B. There was little corporate control
C. Vital infrastructure was missing
D. All of the above
9 If a long average cost rises, output rises from left to right this is an example of.
A. Increasing returns to scale
B. Decreasing returns to scale.
C. Constant returns to scale
D. the minimum efficient scale
10 Marginal revenue is the ________ when output is.
A. Change in average revenue, inversed.
B. change in total revenue, increased by one unit
C. change in average revenue, increased by one unit
D. Change in total revenue, incresed.

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