PPSC Economics Topic 11 Assess Your Basics MCQS

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romana 28 - Jun - 2021 03 Min 45 Sec 13/20
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Murtaza Gillani 13 - Jul - 2024 07 Min 48 Sec 11/20
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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

PPSC Economics Chapter 11 Important MCQ's

Sr.#	Question	Answer
1	The imposition of a tariff causes consumption to _______ and imports to.	A. rise , rise B. fall , rise C. fall , fall D. rise , fall
2	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
3	Positive cross elasticities suggest that goods are ______ and negative cross elasticities that goods are.	A. Substitutes, interior B. Normal, complements C. Substitutes, complements D. Normal , interior
4	Real business cycle are cycles in	A. Potential output B. Actual output C. Real output D. International trade
5	Real business cycle theorists argue that ___________ can explain short and long term fluctuations in output.	A. Imperfect labour markets B. Rational expectations C. Intertemporal decisions of households firms and government. D. Sun spot cycles
6	In the absence of international capital controls, central banks set ______ to provide the correct incentive for speculators	A. Money supply targets B. Income policy C. Interest rates D. Inflation targets
7	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.
8	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
9	Bank create money by	A. Printing it B. Issuing debit cards C. Accepting chequeens D. Lending out part of their deposits
10	Skilled labour is relatively scarce because.	A. There are too few teachers B. Too few student places in higher education C. It is costly to acquire human capital D. Teachers salaries are too low

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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 single European Act committed_ governments to a ___ in 1992

Except for taxes to offset ___ taxes are.

The most important source of wage differentiate are.

If as result of householder wish to save more there is a change in equilibrium income and no change in equilibrium saving this as an example of.

import substitution is the replacement of ________ by domestic production under the protection of.

A competitive firms demand curve is.

In a competitive industry each buyer and seller.

The multiplier tells us how much __________ chagnes after a shift in.

The long run Philips curve is _________ at the ______

In the UK mergers can be referred to the competition commission of they create a firm with _______ of the market.

We cannot say whether one allocation of resources is better than another allocation because.

The effect of a tax to offset a negative eternality will be to ________ price and ____ quantity.

The price elasticity of demand measures

The opportunity cost of a student is.

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

The firms long run output decision will be where.

The Philips curve shows the trade off between ________ and _____

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

The main cause of different relative costs between countries are.

In Nash equilibrium each player chooses the best strategy.

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Set 11

Topic Test

PPSC Economics Chapter 11 Test

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

PPSC Economics Chapter 11 Important MCQ's

Test Questions

Share your comments & questions here

The long run Philips curve is ___ at the

The effect of a tax to offset a negative eternality will be to ____ price and quantity.

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

The Philips curve shows the trade off between ____ and _

A straight line diagram can be drawn knowing the ___ and _