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

Market some times fall to exist because of.

Question # 2

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

Question # 3

Monetarists believe that a reduction in _____ can be achieved by reducing.

Question # 4

Potential output can be increased by _________ or by_________

Question # 5

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

Question # 6

The allocation of resources is not efficient it

Question # 7

Possible causes of involuntary unemployment are

Question # 8

Within circular flow of income, an increase in domestic income iwll lend to increase.

Question # 9

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

Question # 10

A market can accuretaly be described as

Question # 11

Adding up the quantities demanded of a good by different people facing the same price gives us the.

Question # 12

Real business cycle theories suggest that _____ to correct departures from the desired growth path.

Question # 13

An upward shift in marginal cost ___________ output and an upward shift in _____ marginal revenue __ output.

Question # 14

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

Question # 15

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

Question # 16

The costs of inflation are

Question # 17

A natural monopoly has a declining ________ over a large range of output.

Question # 18

Fiscal policy is weak under floating exchange rates as fiscal expansion.

Question # 19

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

Question # 20

The primary function of a bank is to.

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Economics
11th Chapter

PPSC Economics Chapter 11 Test

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PPSC Economics Chapter 11 Important MCQ's

Sr.# Question Answer
1 The abolition of income tax would probably ________ the number of workers in employment and____________ the equilibrium. rate of unemployment.
A. increase ; decrease
B. increase ; increase
C. reduce ; increase
D. reduce ; reduce
2 On a graph a positive linear relation ship.
A. Moves down to the right
B. Moves up to the left
C. Moves up to the right
D. Modes down to the left
3 During periods of rising inflation and rising interest rates we expect the demand for real cash to.
A. rise
B. fall
C. not change
D. fluctuate
4 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
5 In linear consumption function with a positive slope less that on means that if income increase, consumption will.
A. Fall
B. Not change
C. Fluctuate
D. Increase
6 Injection into the circular flow are _________ and _______
A. Consumption, investment, exports
B. Investment exports, transfer payments
C. Investment government expenditure, exports.
D. Taxes, exports, transfer payments.
7 The allocation of resources is not efficient it
A. The marginal cost of production does not equal society marginal benefit
B. The distribution is inequitable
C. Economic growth is low
D. Unemployment is high
8 Nominal GNP measures income
A. At the present time
B. Corrected for tax changes
C. Corrected for changes in interest rates
D. At current prices
9 If your income during one year is L 10,000 ad the following year it is L,12,000 then it has grown by
A. 20%
B. 2%
C. 12%
D. 15%
10 When the level of income _______ there will be atendency for the trade balance to improve as imports.
A. Increases, increase
B. falls, fall
C. Increase, fall
D. fall , increase

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