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

If your income during one year is L 10,000 ad the following year it is L,12,000 then it has grown by

Question # 2

All of the following are types of imperfect competition except

Question # 3

A competitive firms demand curve is.

Question # 4

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

Question # 5

Real business cycle theory suggests that __________ not important in explaining short term fluctuations around actual output.

Question # 6

The primary function of a bank is to.

Question # 7

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

Question # 8

The Philips curve shows the trade off between ________ and _____

Question # 9

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

Question # 10

The key issues of macroeconomics are

Question # 11

The level of the equilibrium exchange rate offsets international difference in.

Question # 12

Injection into the circular flow are _________ and _______

Question # 13

A current account deficit means that a country may.

Question # 14

When a market is contestable , incumbent firms must.________ to avoid the entry of new competitors.

Question # 15

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

Question # 16

If banks and the private sector decide to hold less cash the money multiplier will be.

Question # 17

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

Question # 18

The imposition of a tariff causes consumption to _______ and imports to.

Question # 19

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.

Question # 20

A competitive firm produces a level of output at which.

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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 An allocation is Pareto efficient if no reallocation of resources would make some people_______ whiteout making others
A. Worse off, worse off
B. better off, better off
C. better off, worse off
D. equal , unequal
2 The main cause of different relative costs between countries are.
A. Relative factors competition
B. Relative factor mobility
C. Relative factor substitution
D. Relative factor endowments
3 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
4 In the classical model, potential output can not be increased by
A. Monetary growth
B. Better technology
C. More capital
D. higher labour supply
5 When real income increases, other things equal we fan expect the demand for real money holdings to.
A. Fall
B. Not change
C. Increase
D. Decrease
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 The allocation of resources is not efficient it
A. The marginal cost of production does not equal society marginal benefit
B. The distribution is inequitable
C. Economic growth is low
D. Unemployment is high
8 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.
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 Government may contribute to inflationary pressure on account of building up large.
A. Numbers of employees
B. Welfare plans
C. Budget deficits
D. Expenditure.

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