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

The business cycle is not transmitted from one country to another through.

Question # 2

Real GNP is a crude measure of national welfare because it excludes.

Question # 3

During periods of rising inflation and rising interest rates we expect the demand for real cash to.

Question # 4

Potential output can be increased by _________ or by_________

Question # 5

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

Question # 6

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

Question # 7

Comparing a monopoly and a competitive firm the monopolist will.

Question # 8

The key issues of macroeconomics are

Question # 9

On a graph a positive linear relation ship.

Question # 10

Expansionary fiscal policy in the classical model will cause aggregate demand to ______ potential output.

Question # 11

Leakages from the circular flow are____ and _____

Question # 12

The primary function of a bank is to.

Question # 13

If the income tax rate changes from 30% to 40% on incomes over L 30,000 and a person's income is l 31,000 then her marginal tax rate is.

Question # 14

Aggregate demand without a foreign sector is the sum of.

Question # 15

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

Question # 16

The Philips curve shows the trade off between ________ and _____

Question # 17

In a free market

Question # 18

a demand curve can shift because of changing.

Question # 19

In Nash equilibrium each player chooses the best strategy.

Question # 20

If some body is prepared to work at the going wage rate but cannot find work than they are victims 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 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
2 If one country, with floating exchange states, has higher inflation than its competitors, we would expect its exchange rate to.
A. Appreciate
B. Depreciate
C. Revalue
D. be in short supply
3 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.
4 Polices to reduce unemployment by reducing union power tax cut reduction is unemployment benefit and investment. subsidies are examples of.
A. Keynesian polices
B. Supply side policies
C. Monetarist policies
D. Classical policies
5 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
6 the Maastricht criteria for entry to the EMU are that applicants should have
A. Low inflation
B. Low interest rates
C. Stable nominal exchange rate
D. All of the above
7 International difference in opportunity costs lead to countries acquiring.
A. Comparative advantage
B. High exchange rates
C. Trade exchange rates
D. Trade barriers
8 The increase in total cost when one more units is produced is known as.
A. Marginal cost
B. Opportunity cost
C. Limited cost
D. Average cost
9 The real value can be derived from a nominal value by
A. Adjusting changes over time
B. Adjusting for data collection errors
C. Adjusting for population changes
D. Adjusting for changes in prices
10 A natural monopoly has a declining ________ over a large range of output.
A. Long run marginal cost
B. Short run marginal cost
C. Long run average cost
D. Long run marginal cost

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