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

00:00
Question # 1

In a fixed exchange rate regime, the central bank will intervene by __ pounds to ______ the exchange rate.

Question # 2

Real business cycle theorists argue that ___________ can explain short and long term fluctuations in output.

Question # 3

The costs of inflation are

Question # 4

The primary function of a bank is to.

Question # 5

Nominal GNP measures income

Question # 6

Macro economics is the study of.

Question # 7

All of the following are type of monetary policy except

Question # 8

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

Question # 9

Economic growth may depend upon __________ and_________

Question # 10

In the EMU a country's competitiveness can change because of.

Question # 11

In Nash equilibrium each player chooses the best strategy.

Question # 12

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

Question # 13

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

Question # 14

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

Question # 15

When a market is contestable , incumbent firms must.________ to avoid the entry of new competitors.

Question # 16

The short run Philips curve can shift in response to changes in

Question # 17

In the absence of international capital controls, central banks set ______ to provide the correct incentive for speculators

Question # 18

In the UK under a _________ of the labour force belong to a trade union.

Question # 19

The imposition of a tariff causes consumption to _______ and imports to.

Question # 20

A supply curve is directly affected by

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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 Class Economics Chapter 11 Important MCQ's

Sr.# Question Answer
1 A production technique is technically efficient if.
A. Output is maximized
B. Input are minimized
C. there is no way to make a given output using less of one input and no more of the other inputs.
D. costs are minimized
2 Starting from a position of internal and external balance a reduction in aggregate demand will cause a current account.
A. Deficit
B. Surplus
C. Revaluation
D. Devaluation
3 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.
A. 30%
B. 10%
C. 70%
D. 40%
4 If the diagram of a line shows that lower values on the vertical scale are associated with higher values on the horizontal scale this is an example of.
A. a nonlinear relationship
B. A positive linear relationship
C. A scatter diagram
D. A negative linear relationship
5 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.
6 In the UK under a _________ of the labour force belong to a trade union.
A. Quarter
B. Third
C. Half
D. Three quarters
7 If desired spending in the economy exceeds income we would expect.
A. House hold to save more
B. Firm to produce less
C. Firms is produce more
D. the MPC to change
8 When investment is assumed to autonomous the slope of the AD schedule is determined by the.
A. Marginal propensity to invest.
B. disposable income
C. Marginal propensity to consume
D. Average properisity to consume
9 The neoclassical theory of growth identities the steady state rate of growth as the _________ just sufficient to keep _______ constant while labour grows.
A. Saving investment
B. Capital per person productivity
C. Labour growth , output
D. Investment capital per person
10 Real business cycle are cycles in
A. Potential output
B. Actual output
C. Real output
D. International trade

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