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

In Nash equilibrium each player chooses the best strategy.

Question # 2

The firms long run output decision will be where.

Question # 3

When capital mobility is perfect, interest rate differentials will tend to be offset by

Question # 4

A rise in the real exchange rate will __ the competitiveness of the domestic economy.

Question # 5

Aggregate demand without a foreign sector is the sum of.

Question # 6

Real business cycle theory suggests that __________ not important in explaining short term fluctuations around actual output.

Question # 7

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

Question # 8

In a competitive industry each buyer and seller.

Question # 9

The abolition of income tax would probably ________ the number of workers in employment and____________ the equilibrium. rate of unemployment.

Question # 10

If two firms doing the same thing in the same industry join together this is known as a.

Question # 11

When the level of income _______ there will be atendency for the trade balance to improve as imports.

Question # 12

Market some times fall to exist because of.

Question # 13

The business cycle is not transmitted from one country to another through.

Question # 14

A profit maximizing firm will hire labor until _______ equal the

Question # 15

One of the transmission mechanism of monetary policy is through consumer house hold wealth.___________ and consumption.

Question # 16

If a long average cost rises, output rises from left to right this is an example of.

Question # 17

Potential output can be increased by _________ or by_________

Question # 18

Leakages from the circular flow are____ and _____

Question # 19

In the absence of international capital controls, central banks set ______ to provide the correct incentive for speculators

Question # 20

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.

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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 Real business cycle theories suggest that _____ to correct departures from the desired growth path.
A. There is a role of fiscal policy
B. There is a role for monetary policy
C. There is a role for supply side policies
D. There is no case for stabilizing output over the business cycle.
2 A natural monopoly has a declining ________ over a large range of output.
A. Long run marginal cost
B. Short run marginal cost
C. Long run average cost
D. Long run marginal cost
3 Normative economics form ______ based on.
A. Positive statements facts
B. Opinions, personal values
C. Positive statements values
D. Opinions facts
4 The firms long run output decision will be where.
A. Long run average cost a lowest
B. Marginal revenue equals output
C. Marginal revenue equals long run marginal cost
D. Marginal cost equals output
5 Except for taxes to offset ___ taxes are.
A. Imperfect competition , popular
B. Extremality's, distortionary
C. Inequality, a first best option
D. Poor health, unnecessary
6 International difference in opportunity costs lead to countries acquiring.
A. Comparative advantage
B. High exchange rates
C. Trade exchange rates
D. Trade barriers
7 The theory that explains business cycles by the dynamic interaction of consumption and investment demand is the.
A. Sun spect theory
B. Multiplier accelerator model
C. Solow theory
D. New classical theory
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 An increase in consumer income will increase demand for a __________ for decrease demand for a.
A. Substitute good interior good
B. Normal good, interior good
C. Interior good, normal good.
D. Normal good, complementary good.
10 The main cause of different relative costs between countries are.
A. Relative factors competition
B. Relative factor mobility
C. Relative factor substitution
D. Relative factor endowments

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