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

For given government spending and taxation the government budget deficit will grow in __________ and decline in _________

Question # 2

The growth rate of economics tend to converge because._________ is easier when capital per worker is low and because of_____

Question # 3

The impossibility of negative gross investment provides a______ to fluctuations in.

Question # 4

A dominant strategy is.

Question # 5

If your income doubles and the prices of the goods you buy double, then your demand for these goods will likely

Question # 6

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

Question # 7

A natural monopoly has a declining ________ over a large range of output.

Question # 8

The Philips curve shows the trade off between ________ and _____

Question # 9

Satellite television subscription and television detection devices are ways in which broadcasting companies address the _____ problem.

Question # 10

Holding all factors constant except one and increasing a variable factor is expected to lead to steadily decreasing marginal product of the factor this is an example of.

Question # 11

Women and non whiles on average receive lower comes than white men because.

Question # 12

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

Question # 13

We cannot say whether one allocation of resources is better than another allocation because.

Question # 14

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

Question # 15

GDP per head may be an imperfect measure of economic welfare because it excludes.

Question # 16

The participation rate in the labour force is affected by

Question # 17

Economic growth may depend upon __________ and_________

Question # 18

The multiplier accelerator model assumes _______ depends on.

Question # 19

A profit maximizing firm will hire labor until _______ equal the

Question # 20

Floating exchange rates are __ in the short run

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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 The value of an asset depends upon
A. Its scrap value
B. Its depreciation
C. The present value of the failure stream of income it can earn.
D. the cost of loans
2 If your income during one year is L 10,000 ad the following year it is L,12,000 then it has grown by
A. 20%
B. 2%
C. 12%
D. 15%
3 In the neoclassical theory of growth a higher saving rate leads to.
A. A higher growth rate
B. A fluctuating growth rate
C. A lower growth rate
D. No change in the growth rate
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.
A. Market imperfection
B. The law of diminishing returns
C. The paradox of thriff
D. Market failure
5 The impossibility of negative gross investment provides a______ to fluctuations in.
A. Celling, stock building
B. Celling, capital prices
C. floor , output
D. floor , the capital output ratio
6 All of the following represent obstacles to LDC development except.
A. Resource scarcity
B. Low level of investment
C. Low population
D. Poor infrastructure
7 Within circular flow of income, an increase in domestic income iwll lend to increase.
A. Exports
B. Taxes
C. Inventories
D. Imports
8 When investment is assumed to autonomous the slope of the AD schedule is determined by the.
A. Marginal propensity to invest.
B. disposable income
C. Marginal propensity to consume
D. Average properisity to consume
9 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
10 Polices to reduce unemployment by reducing union power tax cut reduction is unemployment benefit and investment. subsidies are examples of.
A. Keynesian polices
B. Supply side policies
C. Monetarist policies
D. Classical policies

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