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

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

Question # 2

Economic transition involves high inflation because ______ and _____

Question # 3

The participation rate in the labour force is affected by

Question # 4

The Keynesian model is a good guide to ______ behavior and the classical model describes behavior in.

Question # 5

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 # 6

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

Question # 7

An upward shift in marginal cost ___________ output and an upward shift in _____ marginal revenue __ output.

Question # 8

Top footballers land to earn more than lecturers because.

Question # 9

If the consumption of a good by one person does not reduce the quantity available by other and nobody cna be easily excluded from consumption, we are referring to a.

Question # 10

If your income during one year is L 10,000 ad the following year it is L,12,000 then it has grown by

Question # 11

Economics assumes that people consume goods and services to achieve.

Question # 12

When the level of income _______ there will be atendency for the trade balance to improve as imports.

Question # 13

Perfect price discrimination means that every customer.

Question # 14

a demand curve can shift because of changing.

Question # 15

The multiplier accelerator model assumes _______ depends on.

Question # 16

Market some times fall to exist because of.

Question # 17

LDC's often have a comparative advantage in the production of.

Question # 18

The multiplier is calculated as.

Question # 19

The multiplier tells us how much __________ chagnes after a shift in.

Question # 20

Human capital can be described as.

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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 Macro economics is the study of.
A. Individual building blocks in the economy
B. The relationship between different sectors of the economy
C. Household purchased decisions
D. The economy as a whole
2 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
3 Human capital can be described as.
A. The tools used by workers to entrances productivity
B. a persons inherited abilities.
C. The stock of expertise accumulated by a worker
D. Education
4 a demand curve can shift because of changing.
A. Incomes
B. Prices of related goods
C. Testes
D. All of the above
5 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
6 A monopoly may be self perpetuating because profits may be used for
A. research
B. Cost saving
C. Technical advance
D. All of the above
7 Real GNP measures income
A. Including non market activities
B. Adjusted for inflation
C. Including externalities
D. Including tax evasion
8 The short run Philips curve can shift in response to changes in
A. inflationary expectations
B. Unemployment
C. The inflation rate
D. Wage rates
9 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.
10 Top footballers land to earn more than lecturers because.
A. Footballers give more entertainment
B. Lecturers are lazy
C. The labour markets are imperfect
D. Top footballers are relatively scarce in relation to lecturers

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