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

In Nash equilibrium each player chooses the best strategy.

Question # 2

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

Question # 3

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

Question # 4

Bank create money by

Question # 5

Land will be allocated between competing uses so that.

Question # 6

The value of an asset depends upon

Question # 7

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

Question # 8

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

Question # 9

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

Question # 10

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

Question # 11

If a firm not operating at the output necessary to achieve al scale economies it has not achieved its.

Question # 12

If the central bank buys financial securities in the open market to increase the monetary base, this is an example of.

Question # 13

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

Question # 14

Comparing a monopoly and a competitive firm the monopolist will.

Question # 15

If as result of householder wish to save more there is a change in equilibrium income and no change in equilibrium saving this as an example of.

Question # 16

In a competitive industry each buyer and seller.

Question # 17

Normative economics form ______ based on.

Question # 18

Short run equilibrium output means that aggregate demand _ actual output

Question # 19

When real income increases, other things equal we fan expect the demand for real money holdings to.

Question # 20

The total multiplier for the economy will reflect.

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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 At the intersection of AD and AS equilibrium is achieved in.
A. The goods market
B. The money market
C. The labour market
D. All of the above
2 Monetarists believe that a reduction in _____ can be achieved by reducing.
A. Unemployment, prices
B. Inflation, wages
C. Unemployment, wages
D. Inflation, the quantity of nominal money
3 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
4 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
5 Higher export demand _______ output and a higher MPZ______ output..
A. Reduces, reduces
B. Reduces, increases
C. Increases, reduces
D. increases, increases
6 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
7 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
8 Short run equilibrium output means that aggregate demand _ actual output
A. is less than
B. equals
C. is greater than
D. fluctuates around
9 By restricting labour supply a trade union can _________ and_______
A. Increase the wage, increase employment
B. Maintain the wage, increase employment
C. Increase the wage lower employment
D. Maintain the wage, lower employment
10 A natural monopoly has a declining ________ over a large range of output.
A. Long run marginal cost
B. Short run marginal cost
C. Long run average cost
D. Long run marginal cost

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