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

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Question # 1

Skilled labour is relatively scarce because.

Question # 2

All of the following are parts of the business cycle except.

Question # 3

Women and non whiles on average receive lower comes than white men because.

Question # 4

Economic growth may depend upon __________ and_________

Question # 5

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

Question # 6

In an open economy leakages to imports ______ the value of the multiplier.

Question # 7

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

Question # 8

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

Question # 9

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 # 10

Real GNP measures income

Question # 11

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

Question # 12

If desired spending in the economy exceeds income we would expect.

Question # 13

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

Question # 14

The retail price index is used to.

Question # 15

Real business cycle theorists argue that ___________ can explain short and long term fluctuations in output.

Question # 16

Satellite television subscription and television detection devices are ways in which broadcasting companies address the _____ problem.

Question # 17

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

Question # 18

A monopoly may be self perpetuating because profits may be used for

Question # 19

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

Question # 20

All of the following represent obstacles to LDC development except.

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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 primary function of a bank is to.
A. Control the money supply
B. Provide notes and coins for trade
C. Make a profit
D. Provide a chequeen clearing system.
2 A current account deficit means that a country may.
A. Reduce its stock of foreign assets
B. Increases its stock of foreign assets
C. Increases its savings
D. Increases its foreign currency reserves.
3 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
4 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
5 International difference in opportunity costs lead to countries acquiring.
A. Comparative advantage
B. High exchange rates
C. Trade exchange rates
D. Trade barriers
6 An advocate of the classical model of the economy would claim that unemployment a created when the ___________ is above its equilibrium level in the.
A. Price level, agregate economy
B. Tax rate, government ebudget
C. Wage rate, labour market
D. Interest rate, market for loanable funds
7 An increase in consumer income will increase demand for a __________ for decrease demand for a.
A. Substitute good interior good
B. Normal good, interior good
C. Interior good, normal good.
D. Normal good, complementary good.
8 Output fell sharply in the transition economies because.
A. Banks were undoable to function
B. There was little corporate control
C. Vital infrastructure was missing
D. All of the above
9 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. Reduction, increases
B. reduction,reduction
C. increase, reduction
D. increases, increases
10 Starting from a position of internal and external balance a reduction in aggregate demand will cause a current account.
A. Deficit
B. Surplus
C. Revaluation
D. Devaluation

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