PPSC Economics Topic 11 Assess Your Basics MCQS

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

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Tayyeba 03 - Dec - 2021 12 Min 05 Sec 16/20
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Amjad Ali 09 - Jun - 2023 07 Min 36 Sec 14/20
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romana 28 - Jun - 2021 03 Min 45 Sec 13/20
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Abdul Qayyum 26 - May - 2024 06 Min 48 Sec 13/20
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Shama Suleman 22 - May - 2022 07 Min 15 Sec 13/20
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Mona Bajwa 23 - May - 2022 07 Min 39 Sec 12/20
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Abdul subhan 02 - Jul - 2021 07 Min 28 Sec 11/20
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Murtaza Gillani 13 - Jul - 2024 07 Min 48 Sec 11/20
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Hamza 23 - Aug - 2021 10 Min 10 Sec 10/20
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Aleeza Aslam 15 - Nov - 2022 03 Min 52 Sec 9/20
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Ayesha siddiqa 08 - Jun - 2021 12 Min 06 Sec 8/20
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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 equilibrium price clears the market it is the price at which.	A. Everything is sold B. Buyers spend all their money C. Excess demand is zero D. c and d
2	If a country has a burden of debt it cannot sustain it can.	A. Reschedule debt B. Get a loan from an international organization C. Default on the loan D. Any of the above
3	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
4	If some body is prepared to work at the going wage rate but cannot find work than they are victims of.	A. Voluntary unemployment B. Classical unemployment C. Frictional unemployment. D. All of the above
5	A production technique is technically efficient if.	A. Output is maximized B. Input are minimized C. there is no way to make a given output using less of one input and no more of the other inputs. D. costs are minimized
6	An allocation is Pareto efficient if no reallocation of resources would make some people_______ whiteout making others	A. Worse off, worse off B. better off, better off C. better off, worse off D. equal , unequal
7	Government may contribute to inflationary pressure on account of building up large.	A. Numbers of employees B. Welfare plans C. Budget deficits D. Expenditure.
8	GDP per head may be an imperfect measure of economic welfare because it excludes.	A. The value of leisure B. Externalities C. Untraded goods D. All of the above
9	The increase in total cost when one more units is produced is known as.	A. Marginal cost B. Opportunity cost C. Limited cost D. Average cost
10	Bank create money by	A. Printing it B. Issuing debit cards C. Accepting chequeens D. Lending out part of their deposits

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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

In the economy when a steel producer sells steel to car producer it is regarded as.

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

Perfect price discrimination means that every customer.

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

The cost of using capital services is the

International specialization takes place because of.

If the consumption of a good by one person does not reduce the quantity available by other and nobody cna be easily excluded from consumption, we are referring to a.

GDP per head may be an imperfect measure of economic welfare because it excludes.

The retail price index is used to.

For perfect competition ot work there must be

Top footballers land to earn more than lecturers because.

A dominant strategy is.

Comparing a monopoly and a competitive firm the monopolist will.

A fall in investment demand can result from

During periods of rising inflation and rising interest rates we expect the demand for real cash to.

Firms are assumed to ____ costs and to _______ profit.

Potential output can be increased by _________ or by_________

An optimal tariff is one which reduces imports to the level at which ___ equals

On a graph a positive linear relation ship.

Efficiency wages are_______ that raise

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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

Firms are assumed to costs and to ___ profit.

Potential output can be increased by _ or by_