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

If I keep some money available in case I see a bargain this is an example of.

Question # 2

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

Question # 3

An optimal tariff is one which reduces imports to the level at which ___ equals

Question # 4

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

Question # 5

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

Question # 6

Starting from a position of internal and external balance a reduction in aggregate demand will cause a current account.

Question # 7

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

Question # 8

Moral Hazard means that the act of insuring __________ that the desired outcome will occur.

Question # 9

The cost of using capital services is the

Question # 10

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

Question # 11

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

Question # 12

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

Question # 13

The value of an asset depends upon

Question # 14

If the diagram of a line shows that lower values on the vertical scale are associated with higher values on the horizontal scale this is an example of.

Question # 15

The equilibrium inflation rate is determine by the intersection of __________ and ___

Question # 16

The key issues of macroeconomics are

Question # 17

Real GNP is a crude measure of national welfare because it excludes.

Question # 18

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

Question # 19

Macro economics is the study of.

Question # 20

If the MPC is 0.5 the multiplier is

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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 In the ERM, each country fixed ___ against each other ERM participant collectively the group._____ against the rest of the world.
A. A nominal exchange rate, floated
B. A real exchange rate, pegged
C. a purchasing power parity, pegged
D. a real exchange rate, floated
2 An increase in consumer income will increase demand for a __________ for decrease demand for a.
A. Substitute good interior good
B. Normal good, interior good
C. Interior good, normal good.
D. Normal good, complementary good.
3 In a fixed exchange rate regime, the central bank will intervene by __ pounds to ______ the exchange rate.
A. Selling, increase
B. buying , increase
C. selling, reduce
D. both b and c
4 Normative economics form ______ based on.
A. Positive statements facts
B. Opinions, personal values
C. Positive statements values
D. Opinions facts
5 Market some times fall to exist because of.
A. Externalities
B. the free rider problem
C. Poor transport
D. a an b
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 LDC's often have a comparative advantage in the production of.
A. Primary products
B. Intermediate products
C. Manufactured products
D. Financial services.
8 Firms are assumed to ____ costs and to _______ profit.
A. Incur , desire
B. Pay ; make
C. Change ;earn
D. Minimize ; maximize
9 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
10 A competitive equilibrium is Pareto efficient because.
A. Producers are price takers
B. Consumers and producer's face the same prices
C. Marginal costs and benefits are equal
D. All of the above

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