PPSC Economics Topic 11 Assess Your Basics MCQS

Top Scorers Of PPSC Economics Topic 11 Assess Your Basics MCQ`s Test

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Tayyeba 03 - Dec - 2021 12 Min 05 Sec 16/20
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Amjad Ali 09 - Jun - 2023 07 Min 36 Sec 14/20
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romana 28 - Jun - 2021 03 Min 45 Sec 13/20
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Abdul Qayyum 26 - May - 2024 06 Min 48 Sec 13/20
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Shama Suleman 22 - May - 2022 07 Min 15 Sec 13/20
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Mona Bajwa 23 - May - 2022 07 Min 39 Sec 12/20
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Abdul subhan 02 - Jul - 2021 07 Min 28 Sec 11/20
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Murtaza Gillani 13 - Jul - 2024 07 Min 48 Sec 11/20
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Hamza 23 - Aug - 2021 10 Min 10 Sec 10/20
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Aleeza Aslam 15 - Nov - 2022 03 Min 52 Sec 9/20
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Ayesha siddiqa 08 - Jun - 2021 12 Min 06 Sec 8/20
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huma 30 - Jun - 2021 12 Min 23 Sec 8/20
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savera 03 - Jul - 2021 04 Min 58 Sec 6/20
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Abdul Basit 26 - May - 2022 05 Min 13 Sec 6/20
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abuzar 02 - Aug - 2023 08 Min 12 Sec 6/20

Sr.#	Question	Answer
1	A profit maximizing firm will hire labor until _______ equal the	A. Marginal revenue, marginal cost B. Long run marginal revenue, long run marginal cost C. Labour output ratio, capital output ratio D. Marginal cost of labour, marginal revenue product
2	When capital mobility is perfect, interest rate differentials will tend to be offset by	A. Price differences. B. Balance of payments differences. C. Current account differences. D. Expected exchange rate changes
3	The effect of a tax to offset a negative eternality will be to ________ price and ____ quantity.	A. Reduce, reduce B. increase, increase C. Increase , reduce D. reduce, increase
4	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
5	An advocate of the classical model of the economy would claim that unemployment a created when the ___________ is above its equilibrium level in the.	A. Price level, agregate economy B. Tax rate, government ebudget C. Wage rate, labour market D. Interest rate, market for loanable funds
6	If a person thinks they are better off after a 10% wage increase, and all prices have risen 10%, then they are experiencing.	A. Inflation B. A supply shocks C. Crowding out D. Inflation illusion
7	The level of the equilibrium exchange rate offsets international difference in.	A. Comparative advantage B. Absolute advantage C. Opportunity cost D. Relative costs
8	Aggregate demand in an economy trading internationally with a government sector can be written s.	A. AD = C+1 B. AD = C + 1+ G C. AD = C +1+G+X+Z D. AD+C+1+G+X-Z
9	A straight line diagram can be drawn knowing the _______ and _____	A. Vertical axis and horizontal axis B. Intercept and slope C. Scale and slope D. Intercept and scale.
10	Economic transition involves high inflation because ______ and _____	A. High monetary growth, high wages. B. High budget deficits, devaluation C. High monetary growth, devaluation D. Prices surge from an artificially low level to their equilibrium level the inflation tax is required as source of government revenue.

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PPSC Economics Topic 11 MCQS Test Preparation

MCQ's Test For PPSC Economics Topic 11 Assess Your Basics

PPSC Economics Topic 11 Assess Your Basics

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

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

Firms are assumed to ____ costs and to _______ profit.

The equilibrium price clears the market it is the price at which.

An advocate of the classical model of the economy would claim that unemployment a created when the ___________ is above its equilibrium level in the.

Holding all factors constant except one and increasing a variable factor is expected to lead to steadily decreasing marginal product of the factor this is an example of.

A fall in investment demand can result from

a demand curve can shift because of changing.

Normative economics form ______ based on.

Short run equilibrium output means that aggregate demand _ actual output

Possible causes of involuntary unemployment are

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.

Macro economics is the study of.

Economics is the study of

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

When we know the quantity of a product that buyers wish to purchases at each possible price we know.

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

If both Marginal cost and marginal revenue increase, a firm.

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

Under floating exchange rates, expectations of higher interest rates are likely to cause an __________ of the exchange rate.

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PPSC Economics Chapter 11 Test

Top Scorers Of PPSC Economics Topic 11 Assess Your Basics MCQ`s Test

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Firms are assumed to costs and to ___ profit.

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