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

If a country has a burden of debt it cannot sustain it can.

Question # 2

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

Question # 3

Higher export demand _______ output and a higher MPZ______ output..

Question # 4

Comparing a monopoly and a competitive firm the monopolist will.

Question # 5

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

Question # 6

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

Question # 7

The real value can be derived from a nominal value by

Question # 8

Skilled labour is relatively scarce because.

Question # 9

Women and non whiles on average receive lower comes than white men because.

Question # 10

Economics is the study of

Question # 11

In a competitive industry each buyer and seller.

Question # 12

Output fell sharply in the transition economies because.

Question # 13

The increase in total cost when one more units is produced is known as.

Question # 14

When we refer to the hidden economy we mean unrecorded income owing to.

Question # 15

All of the following are benefits of the single market except.

Question # 16

A competitive firms demand curve is.

Question # 17

Government may contribute to inflationary pressure on account of building up large.

Question # 18

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

Question # 19

The opportunity cost of acquiring education is.

Question # 20

The AD schedule indicates that______ inflation is associated with______ output.

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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 LDC's often have a comparative advantage in the production of.
A. Primary products
B. Intermediate products
C. Manufactured products
D. Financial services.
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 In the neoclassical theory of growth a higher saving rate leads to.
A. A higher growth rate
B. A fluctuating growth rate
C. A lower growth rate
D. No change in the growth rate
4 Moral Hazard means that the act of insuring __________ that the desired outcome will occur.
A. Reduces the likelihood
B. Increase the likelihood
C. Guarantees
D. None of the above
5 In the UK in recent years, union membership has ______ and days of work lost because of strikes has.
A. Grown, declined
B. declined, declined
C. declined, grown
D. grown , grown
6 Comparing a monopoly and a competitive firm the monopolist will.
A. Produce less at a lower price
B. Produce more at a lower price
C. Produce less at a higher price
D. Produce less at a lower price
7 For given government spending and taxation the government budget deficit will grow in __________ and decline in _________
A. booms, booms
B. recession, recession
C. booms, recessions
D. recessions, booms
8 The AD schedule indicates that______ inflation is associated with______ output.
A. higher , lower
B. Higher , higher
C. Lower , lower
D. zero ,zero
9 In the EMU a country's competitiveness can change because of.
A. Interest rate adjustment
B. Central bank intervention i the forex
C. Domestic wage and price adjustment
D. Devaluations
10 Leakages from the circular flow are____ and _____
A. Investment savings, government expenditure
B. Saving , taxes net of subsidies, imports
C. Consumption, investment , government expenditure.
D. Consumption, taxes, impports

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