PPSC Economics Topic 11 Assess Your Basics MCQS

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huma 30 - Jun - 2021 12 Min 23 Sec 8/20
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Abdul Basit 26 - May - 2022 05 Min 13 Sec 6/20
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PPSC Economics Chapter 11 Important MCQ's

Sr.#	Question	Answer
1	Possible causes of involuntary unemployment are	A. Minimum wage agreements B. Trade unions C. Scale economies D. All of the abvoe
2	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
3	Real GNP is a crude measure of national welfare because it excludes.	A. Consumption B. Investment C. Export's D. work in the home
4	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.	A. Fall B. Increases C. Remain the same D. Fluctuate
5	A fixed exchange rate, plus perfect capital mobility _______ the scope for monetary policy.	A. Enhances B. Undermines C. Encourages D. Facilitates
6	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.
7	The key issues of macroeconomics are	A. Unemployment B. Inflation C. Economic growth D. All of the above
8	Floating exchange rates are __ in the short run	A. Stable B. Volatile C. Predictable D. Depreciating
9	The growth rate of economics tend to converge because._________ is easier when capital per worker is low and because of_____	A. capital widening, technical innovation B. Capital widening, catch up in technology C. Capital deepening, technical innovation D. Capital deepening, catch up technology.
10	The short run marginal cost curve cuts the short run total cost curve and short run average variable cost curve.	A. At their lowest points B. When they are declining C. When they are increasing. D. When marginal revenue is zero

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PPSC Economics Topic 11 MCQS Test Preparation

MCQ's Test For PPSC Economics Topic 11 Assess Your Basics

PPSC Economics Topic 11 Assess Your Basics

When capital mobility is perfect, interest rate differentials will tend to be offset by

An allocation is Pareto efficient if no reallocation of resources would make some people_______ whiteout making others

The prisoners Dilemma Game demonstrates that.

a demand curve can shift because of changing.

Taxes create a wedge between the sales price and purchase price that prevents the price system equaling _________ and

The long run Philips curve is _________ at the ______

In the UK mergers can be referred to the competition commission of they create a firm with _______ of the market.

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.

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

The firms long run output decision will be where.

Possible causes of involuntary unemployment are

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

If one country, with floating exchange states, has higher inflation than its competitors, we would expect its exchange rate to.

LDC's often have a comparative advantage in the production of.

In Nash equilibrium each player chooses the best strategy.

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

The opportunity cost of a good is.

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

A competitive firm produces a level of output at which.

In the EMU a country's competitiveness can change because of.

Prepare Complete Set Wise PPSC Economics Topic 11 Assess Your Basics MCQs Online With Answers

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Set 11

Topic Test

PPSC Economics Chapter 11 Test

Top Scorers Of PPSC Economics Topic 11 Assess Your Basics MCQ`s Test

PPSC Economics Chapter 11 Important MCQ's

Test Questions

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The long run Philips curve is ___ at the