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

Leakages from the circular flow are____ and _____

Question # 2

The main cause of different relative costs between countries are.

Question # 3

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

Question # 4

A good example of a public good is.

Question # 5

Under floating exchange rates, expectations of higher interest rates are likely to cause an __________ of the exchange rate.

Question # 6

Economic transition involves high inflation because ______ and _____

Question # 7

Aggregate demand in an economy trading internationally with a government sector can be written s.

Question # 8

The abolition of income tax would probably ________ the number of workers in employment and____________ the equilibrium. rate of unemployment.

Question # 9

Real GNP measures income

Question # 10

The Keynesian model is a good guide to ______ behavior and the classical model describes behavior in.

Question # 11

Fiscal policy is weak under floating exchange rates as fiscal expansion.

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

The costs of inflation are

Question # 14

In the circular flow we would expect leakages to __________ injections.

Question # 15

In the short run the level of floating exchange rates is determined mainly by.

Question # 16

M4 is a _________ measures of money and includes deposits at both _____________ and

Question # 17

In the UK under a _________ of the labour force belong to a trade union.

Question # 18

The value of an asset depends upon

Question # 19

The short run marginal cost curve cuts the short run total cost curve and short run average variable cost curve.

Question # 20

One of the transmission mechanism of monetary policy is through consumer house hold wealth.___________ and consumption.

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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 Short run equilibrium output means that aggregate demand _ actual output
A. is less than
B. equals
C. is greater than
D. fluctuates around
2 All of the following are type of monetary policy except
A. A nominal money stock target
B. A balances budget
C. An inflation target
D. The pursuit of a target real interest rate
3 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.
4 Market failure may arise because of.
A. Imperfect competition
B. Taxation
C. Externalities
D. All of the above
5 The extra utility from consuming one more unit of a good is called.
A. Marginal utility
B. Additional utility
C. surplus utility
D. Bonus utility
6 Land will be allocated between competing uses so that.
A. Housing gets priority
B. Industry gets priority
C. Faming gets priority
D. The equilibrium rental rate equilibrium total demand with supply
7 The retail price index is used to.
A. Construct price lists
B. Compare shop prices
C. Measure changes in the cost of living
D. None of the above
8 Polices to reduce unemployment by reducing union power tax cut reduction is unemployment benefit and investment. subsidies are examples of.
A. Keynesian polices
B. Supply side policies
C. Monetarist policies
D. Classical policies
9 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
10 Real GNP measures income
A. Including non market activities
B. Adjusted for inflation
C. Including externalities
D. Including tax evasion

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