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

00:00
Question # 1

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

Question # 2

The value of an asset depends upon

Question # 3

a demand curve can shift because of changing.

Question # 4

The key issues of macroeconomics are

Question # 5

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

Question # 6

The most important source of wage differentiate are.

Question # 7

If both Marginal cost and marginal revenue increase, a firm.

Question # 8

Leakages from the circular flow are____ and _____

Question # 9

A supply curve is directly affected by

Question # 10

In an economy, measuring total value (1) added, total value(2) spending on final goods and 3 total factor earning gives the result that.

Question # 11

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

Question # 12

If a person thinks they are better off after a 10% wage increase, and all prices have risen 10%, then they are experiencing.

Question # 13

In Nash equilibrium each player chooses the best strategy.

Question # 14

If a country has a burden of debt it cannot sustain it can.

Question # 15

The theory that explains business cycles by the dynamic interaction of consumption and investment demand is the.

Question # 16

A competitive equilibrium is Pareto efficient because.

Question # 17

For a competitive firm its short run supply curve is ________ and its long run supply curve is.

Question # 18

A person who is made redundant because of the contraction of an industry is a victim of.

Question # 19

M4 is a _________ measures of money and includes deposits at both _____________ and

Question # 20

At the intersection of AD and AS equilibrium is achieved in.

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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 A person who is made redundant because of the contraction of an industry is a victim of.
A. Frictional unemployment
B. Demand deficient unemployment
C. Classical unemployment
D. Structural unemployment
2 M4 is a _________ measures of money and includes deposits at both _____________ and
A. Narrow, banks, building societies
B. Wide, banks, insurance companies
C. narrow, banks, insurance companies
D. Wide, banks, building societies.
3 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
4 Real business cycle are cycles in
A. Potential output
B. Actual output
C. Real output
D. International trade
5 We would normally expect the size of the labour force to be ____ than the number of workers willing to accept job offers at any real wage rate.
A. Smaller
B. Larger
C. the same size
D. None of these
6 If both Marginal cost and marginal revenue increase, a firm.
A. Should increase output
B. Should reduce output
C. Will require further information on how to respond
D. should not change output
7 Aggregate demand in an economy trading internationally with a government sector can be written s.
A. AD = C+1
B. AD = C + 1+ G
C. AD = C +1+G+X+Z
D. AD+C+1+G+X-Z
8 An upward shift in marginal cost ___________ output and an upward shift in _____ marginal revenue __ output.
A. Reduce , reduce
B. Reduce , increase
C. Increased, increased
D. Increases, reduces
9 When capital mobility is perfect, interest rate differentials will tend to be offset by
A. Price differences.
B. Balance of payments differences.
C. Current account differences.
D. Expected exchange rate changes
10 The quantity theory of money says that changes in ______ lead to equivalent changes in ______ but have no effect on.
A. Prices, wages, output and employment.
B. Output, prices, employment
C. Nominal money, the price level output and employment.
D. Nominal money output prices

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