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

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

Question # 2

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

Question # 3

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

Question # 4

A firm that breaks even after all economic costs are paid is earning.

Question # 5

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

Question # 6

With fixed exchange rates and no private currency flow, when the central bank buys domestic currency the domestic money supply is.

Question # 7

In the circular flow we would expect leakages to __________ injections.

Question # 8

The participation rate in the labour force is affected by

Question # 9

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

Question # 10

The opportunity cost of a student is.

Question # 11

Satellite television subscription and television detection devices are ways in which broadcasting companies address the _____ problem.

Question # 12

If goods are exported for less than society's marginal production cost and the marginal benefit to domestic consumers, it is likely that they benefit from.

Question # 13

Economic transition involves high inflation because ______ and _____

Question # 14

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

Question # 15

The long run Philips curve is _________ at the ______

Question # 16

A fall in investment demand can result from

Question # 17

Real GNP measures income

Question # 18

Floating exchange rates are __ in the short run

Question # 19

Short run equilibrium output means that aggregate demand _ actual output

Question # 20

Economics is the study 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 An allocation is Pareto efficient if no reallocation of resources would make some people_______ whiteout making others
A. Worse off, worse off
B. better off, better off
C. better off, worse off
D. equal , unequal
2 By restricting labour supply a trade union can _________ and_______
A. Increase the wage, increase employment
B. Maintain the wage, increase employment
C. Increase the wage lower employment
D. Maintain the wage, lower employment
3 Satellite television subscription and television detection devices are ways in which broadcasting companies address the _____ problem.
A. Externality
B. Market imperfection
C. Deadweight burden
D. Free rider
4 Perfect international capital mobility suggests that international funds will be responsive to _______ differentials.
A. Current account
B. Interest rate
C. Tax
D. Price
5 An upward shift in marginal cost ___________ output and an upward shift in _____ marginal revenue __ output.
A. Reduce , reduce
B. Reduce , increase
C. Increased, increased
D. Increases, reduces
6 LDC's often have a comparative advantage in the production of.
A. Primary products
B. Intermediate products
C. Manufactured products
D. Financial services.
7 Potential output can be increased by _________ or by_________
A. Increasing the use of labour, increasing the use of land
B. Increasing the use of capital, increasing the use of labour
C. Increasing the use of land, increasing the use of capital
D. Increasing the use of all inputs technical advances
8 Micro economics is conceded with
A. The economy as a whole
B. The electronics industry
C. The study of individual economic behavior
D. the interactions within the entire economy
9 If banks and the private sector decide to hold less cash the money multiplier will be.
A. Unchanged
B. Larger
C. Smaller
D. unstable
10 The cost of using capital services is the
A. wage rate of capital
B. Interest charges
C. Marginal capital cost
D. Rental rate for capital

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