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

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Question # 1

If the central bank buys financial securities in the open market to increase the monetary base, this is an example of.

Question # 2

In Nash equilibrium each player chooses the best strategy.

Question # 3

The primary function of a bank is to.

Question # 4

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

Question # 5

Potential output can be increased by _________ or by_________

Question # 6

An allocation is Pareto efficient if no reallocation of resources would make some people_______ whiteout making others

Question # 7

In the short run the level of floating exchange rates is determined mainly by.

Question # 8

International difference in opportunity costs lead to countries acquiring.

Question # 9

The cost of using capital services is the

Question # 10

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

Question # 11

The multiplier accelerator model assumes _______ depends on.

Question # 12

If a price increase of good A increases the quantity demanded of good B, then good B is a.

Question # 13

In the classical model, potential output can not be increased by

Question # 14

A dominant strategy is.

Question # 15

If one country, with floating exchange states, has higher inflation than its competitors, we would expect its exchange rate to.

Question # 16

All of the following are types of imperfect competition except

Question # 17

An increase in consumer income will increase demand for a __________ for decrease demand for a.

Question # 18

If the MPC is 0.5 the multiplier is

Question # 19

Moral Hazard means that the act of insuring __________ that the desired outcome will occur.

Question # 20

In the neoclassical theory of growth a higher saving rate leads to.

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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 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
2 The level of the equilibrium exchange rate offsets international difference in.
A. Comparative advantage
B. Absolute advantage
C. Opportunity cost
D. Relative costs
3 Extremality's arise because there is a divergence between ____ and _
A. Private costs, private benefits
B. Private costs, social costs of benefits
C. Social cost, social benefit
D. Insiders, outsiders
4 The business cycle is not transmitted from one country to another through.
A. Private sector imports and exports
B. Economic policy
C. The duration of compulsory education
D. Labour supply changes
5 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.
6 The single European Act committed_ governments to a ___ in 1992
A. European union, single market
B. Western European, single currency area
C. European union, single currency area
D. Western European, single market
7 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
8 A current account deficit means that a country may.
A. Reduce its stock of foreign assets
B. Increases its stock of foreign assets
C. Increases its savings
D. Increases its foreign currency reserves.
9 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
10 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

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