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

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

Question # 2

Real business cycle are cycles in

Question # 3

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

Question # 4

A fall in investment demand can result from

Question # 5

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

Question # 6

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

Question # 7

Efficiency wages are_______ that raise

Question # 8

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 # 9

If demand is _______ then price cuts will ________ spending.

Question # 10

If the government increase spending and raises taxes by just enough to finance the increase it will.

Question # 11

Taxes create a wedge between the sales price and purchase price that prevents the price system equaling _________ and

Question # 12

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

Question # 13

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

Question # 14

The extra utility from consuming one more unit of a good is called.

Question # 15

When we refer to the hidden economy we mean unrecorded income owing to.

Question # 16

The retail price index is used to.

Question # 17

Real GNP is a crude measure of national welfare because it excludes.

Question # 18

When investment is assumed to autonomous the slope of the AD schedule is determined by the.

Question # 19

By restricting labour supply a trade union can _________ and_______

Question # 20

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

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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 The opportunity cost of a good is.
A. The time lost in finding it
B. The quantity of other goods sacrificed to get another unit of that good
C. The expenditure on the good
D. The loss of interest in using savings
2 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
3 In the short run the level of floating exchange rates is determined mainly by.
A. Interest rates
B. Competitiveness
C. Trade
D. Speculation
4 Economic growth may depend upon __________ and_________
A.
Population size , x -efficiency
B. Population age distribution, education
C. Population growth, education
D. Population growth, technical progress
5 The Keynesian model is a good guide to ______ behavior and the classical model describes behavior in.
A. Long run, short run
B. Flexible, imperfect markets
C.
Short term , long run
D. Ong run, imperfect market.
6 Micro economics is conceded with
A. The economy as a whole
B. The electronics industry
C. The study of individual economic behavior
D. the interactions within the entire economy
7 When we refer to the hidden economy we mean unrecorded income owing to.
A. Tax evasion
B. Poor statistics
C. The lags between statistical collection and publication .
D. Smuggling
8 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.
A. Private good
B. Merit good
C. Public good
D. Abundant good
9 The multiplier is calculated as.
A. 1(1-MPC)
B. 1/MPS
C. 1/MPC
D. a or b
10 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.

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