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

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

Question # 2

A rise in the real exchange rate will __ the competitiveness of the domestic economy.

Question # 3

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 # 4

The costs of inflation are

Question # 5

All of the following are types of imperfect competition except

Question # 6

All of the following represent obstacles to LDC development except.

Question # 7

Higher export demand _______ output and a higher MPZ______ output..

Question # 8

Except for taxes to offset ___ taxes are.

Question # 9

A market can accuretaly be described as

Question # 10

The equilibrium price clears the market it is the price at which.

Question # 11

An increase in consumer income will increase demand for a __________ for decrease demand for a.

Question # 12

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

Question # 13

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

Question # 14

The opportunity cost of a student is.

Question # 15

International specialization takes place because of.

Question # 16

In a free market

Question # 17

Economic growth may depend upon __________ and_________

Question # 18

The primary function of a bank is to.

Question # 19

Economics is the study of

Question # 20

Potential output can be increased by _________ or by_________

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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 If the government increase spending and raises taxes by just enough to finance the increase it will.
A. Leave output unchagned
B. Increase output
C. Reduce output
D. Increase the MPC
2 Normative economics form ______ based on.
A. Positive statements facts
B. Opinions, personal values
C. Positive statements values
D. Opinions facts
3 Comparing a monopoly and a competitive firm the monopolist will.
A. Produce less at a lower price
B. Produce more at a lower price
C. Produce less at a higher price
D. Produce less at a lower price
4 Micro economics is conceded with
A. The economy as a whole
B. The electronics industry
C. The study of individual economic behavior
D. the interactions within the entire economy
5 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.
6 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
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 If a firm not operating at the output necessary to achieve al scale economies it has not achieved its.
A. Efficient scale
B. Average efficient scale
C. Maximum efficient scale
D. Minimum efficient scale
9 Floating exchange rates are __ in the short run
A. Stable
B. Volatile
C. Predictable
D. Depreciating
10 Adding up the quantities demanded of a good by different people facing the same price gives us the.
A. Supply curve
B. Market demand curve
C. Demand curve
D. Market supply curve

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