PPSC Economics Topic 11 Assess Your Basics MCQS

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 neoclassical theory of growth identities the steady state rate of growth as the _________ just sufficient to keep _______ constant while labour grows.	A. Saving investment B. Capital per person productivity C. Labour growth , output D. Investment capital per person
2	Bank create money by	A. Printing it B. Issuing debit cards C. Accepting chequeens D. Lending out part of their deposits
3	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
4	The impossibility of negative gross investment provides a______ to fluctuations in.	A. Celling, stock building B. Celling, capital prices C. floor , output D. floor , the capital output ratio
5	For a competitive firm its short run supply curve is ________ and its long run supply curve is.	A. SMC , LMC B. SMC above SAVC, LMC above LAC C. SMC below SAVC, LMC above LAC D. SMC Below SAVC, LMC below LAC
6	Taxes create a wedge between the sales price and purchase price that prevents the price system equaling _________ and	A. Marginal costs, marginal benefits B. Demand, supply C. Marginal cost, marginal revenue D. Marginal cost, average cost
7	A market can accuretaly be described as	A. A place to buy things B. a place to sell things C. The process by which prices adjust to reconcile the allocation of resources D. a place where buyers and sellers meet.
8	If goods are exported for less than society's marginal production cost and the marginal benefit to domestic consumers, it is likely that they benefit from.	A. An import subsidy B. A quota C. Comparative advantage D. An export subsidy
9	Short run average total costs are equal to the sum of _______ and______	A. Short run opportunity costs, profit B. Short run average variable costs, profit C. short run average variable costs, profit. D. Short run average variable costs short run average fixed costs
10	Human capital can be described as.	A. The tools used by workers to entrances productivity B. a persons inherited abilities. C. The stock of expertise accumulated by a worker D. Education

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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

All of the following represent obstacles to LDC development except.

The impossibility of negative gross investment provides a______ to fluctuations in.

When we know the quantity of a product that buyers wish to purchases at each possible price we know.

In the ERM, each country fixed ___ against each other ERM participant collectively the group._____ against the rest of the world.

Starting from a balanced budget, for a given tax rate an increase in income will cause the government budget to.

A reduction in interest rates, causes an increases in the monetary base that result in an_____ in the availability of consumer credit and a _ in the cost of consumer credit.

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

We cannot say whether one allocation of resources is better than another allocation because.

The short run Philips curve can shift in response to changes in

The multiplier accelerator model assumes _______ depends on.

Potential output can be increased by _________ or by_________

Nominal GNP measures income

In the UK mergers can be referred to the competition commission of they create a firm with _______ of the market.

The quantity theory of money says that changes in ______ lead to equivalent changes in ______ but have no effect on.

The effect of a tax to offset a negative eternality will be to ________ price and ____ quantity.

A market can accuretaly be described as

The multiplier tells us how much __________ chagnes after a shift in.

The equilibrium price clears the market it is the price at which.

The most important source of wage differentiate are.

A tariff causes domestic firms to __________ and consumers to

Prepare Complete Set Wise PPSC Economics Topic 11 Assess Your Basics MCQs Online With Answers

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Set 11

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

In the ERM, each country fixed _ against each other ERM participant collectively the group.___ against the rest of the world.

A straight line diagram can be drawn knowing the ___ and _

Potential output can be increased by _ or by_

The quantity theory of money says that changes in lead to equivalent changes in but have no effect on.

The effect of a tax to offset a negative eternality will be to ____ price and quantity.