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

The value of an asset depends upon

Question # 2

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

Question # 3

At the intersection of AD and AS equilibrium is achieved in.

Question # 4

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 # 5

The theory that explains business cycles by the dynamic interaction of consumption and investment demand is the.

Question # 6

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

Question # 7

All of the following are types of imperfect competition except

Question # 8

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

Question # 9

The AD schedule indicates that______ inflation is associated with______ output.

Question # 10

The participation rate in the labour force is affected by

Question # 11

The cost of using capital services is the

Question # 12

Extremality's arise because there is a divergence between ____ and _

Question # 13

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

Question # 14

If two firms doing the same thing in the same industry join together this is known as a.

Question # 15

For a competitive firm its short run supply curve is ________ and its long run supply curve is.

Question # 16

Skilled labour is relatively scarce because.

Question # 17

In the short run, the supply of capital is _______ and in the long run iwll depend on.

Question # 18

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

Question # 19

If the MPC is 0.5 the multiplier is

Question # 20

All of the following are type of monetary policy except

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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 In the economy when a steel producer sells steel to car producer it is regarded as.
A. A final good
B. An intermediate good
C. an injection
D. a leakage
2 For a competitive firm its short run supply curve is ________ and its long run supply curve is.
A. SMC , LMC
B. SMC above SAVC, LMC above LAC
C. SMC below SAVC, LMC above LAC
D. SMC Below SAVC, LMC below LAC
3 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
4 We cannot say whether one allocation of resources is better than another allocation because.
A. some people cant count
B. Some people may not be permanent residents
C. Not all economic activity is legal
D. We cant make value judgements to compare different people welfare.
5 A person who is made redundant because of the contraction of an industry is a victim of.
A. Frictional unemployment
B. Demand deficient unemployment
C. Classical unemployment
D. Structural unemployment
6 Government may contribute to inflationary pressure on account of building up large.
A. Numbers of employees
B. Welfare plans
C. Budget deficits
D. Expenditure.
7 The equilibrium price clears the market it is the price at which.
A. Everything is sold
B. Buyers spend all their money
C. Excess demand is zero
D. c and d
8 If I keep some money available in case I see a bargain this is an example of.
A. Asset demand for money
B. Transactions demand for money
C. Token demand for money
D. Precautionary demand for money
9 In an open economy leakages to imports ______ the value of the multiplier.
A. Reduce
B. Increase
C. do not change
D. None of these
10 The neoclassical theory of growth identities the steady state rate of growth as the _________ just sufficient to keep _______ constant while labour grows.
A. Saving investment
B. Capital per person productivity
C. Labour growth , output
D. Investment capital per person

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