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

Real business cycle are cycles in

Question # 2

A good example of a public good is.

Question # 3

Short run average total costs are equal to the sum of _______ and______

Question # 4

Macro economics is the study of.

Question # 5

A dominant strategy is.

Question # 6

In the event of an increase in the international price of oil that encouraged the central bank to accept lower real interest rates, inflation would most likely.

Question # 7

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

Question # 8

All of the following are types of imperfect competition except

Question # 9

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

Question # 10

A firm that breaks even after all economic costs are paid is earning.

Question # 11

Government may contribute to inflationary pressure on account of building up large.

Question # 12

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.

Question # 13

Firms are assumed to ____ costs and to _______ profit.

Question # 14

The key issues of macroeconomics are

Question # 15

Within circular flow of income, an increase in domestic income iwll lend to increase.

Question # 16

In a fixed exchange rate regime, the central bank will intervene by __ pounds to ______ the exchange rate.

Question # 17

If your income doubles and the prices of the goods you buy double, then your demand for these goods will likely

Question # 18

Perfect price discrimination means that every customer.

Question # 19

Expansionary fiscal policy in the classical model will cause aggregate demand to ______ potential output.

Question # 20

A market can accuretaly be described as

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Economics
11th Chapter

PPSC Economics Chapter 11 Test

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PPSC Economics Chapter 11 Important MCQ's

Sr.# Question Answer
1 If a person thinks they are better off after a 10% wage increase, and all prices have risen 10%, then they are experiencing.
A. Inflation
B. A supply shocks
C. Crowding out
D. Inflation illusion
2 A monopoly may be self perpetuating because profits may be used for
A. research
B. Cost saving
C. Technical advance
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 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
5 All of the following are parts of the business cycle except.
A. Boom
B. slump
C. Recovery
D. Acceleration
6 The cost of using capital services is the
A. wage rate of capital
B. Interest charges
C. Marginal capital cost
D. Rental rate for capital
7 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
8 In the absence of international capital controls, central banks set ______ to provide the correct incentive for speculators
A. Money supply targets
B. Income policy
C. Interest rates
D. Inflation targets
9 Top footballers land to earn more than lecturers because.
A. Footballers give more entertainment
B. Lecturers are lazy
C. The labour markets are imperfect
D. Top footballers are relatively scarce in relation to lecturers
10 A straight line diagram can be drawn knowing the _______ and _____
A. Vertical axis and horizontal axis
B. Intercept and slope
C. Scale and slope
D. Intercept and scale.

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