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

Aggregate demand without a foreign sector is the sum of.

Question # 2

If some body is prepared to work at the going wage rate but cannot find work than they are victims of.

Question # 3

One of the transmission mechanism of monetary policy is through consumer house hold wealth.___________ and consumption.

Question # 4

The participation rate in the labour force is affected by

Question # 5

The AD schedule indicates that______ inflation is associated with______ output.

Question # 6

If a country has a burden of debt it cannot sustain it can.

Question # 7

The key issues of macroeconomics are

Question # 8

A fixed exchange rate, plus perfect capital mobility _______ the scope for monetary policy.

Question # 9

Expansionary fiscal policy in the classical model will cause aggregate demand to ______ potential output.

Question # 10

A competitive firms demand curve is.

Question # 11

If the consumption of a good by one person does not reduce the quantity available by other and nobody cna be easily excluded from consumption, we are referring to a.

Question # 12

A profit maximizing firm will hire labor until _______ equal the

Question # 13

In the classical model, potential output can not be increased by

Question # 14

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

Question # 15

In the economy when a steel producer sells steel to car producer it is regarded as.

Question # 16

Economic growth may depend upon __________ and_________

Question # 17

All of the following are type of monetary policy except

Question # 18

By restricting labour supply a trade union can _________ and_______

Question # 19

During periods of rising inflation and rising interest rates we expect the demand for real cash to.

Question # 20

Skilled labour is relatively scarce because.

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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 level of the equilibrium exchange rate offsets international difference in.
A. Comparative advantage
B. Absolute advantage
C. Opportunity cost
D. Relative costs
2 Marginal revenue is the ________ when output is.
A. Change in average revenue, inversed.
B. change in total revenue, increased by one unit
C. change in average revenue, increased by one unit
D. Change in total revenue, incresed.
3 If some body is prepared to work at the going wage rate but cannot find work than they are victims of.
A. Voluntary unemployment
B. Classical unemployment
C. Frictional unemployment.
D. All of the above
4 At the intersection of AD and AS equilibrium is achieved in.
A. The goods market
B. The money market
C. The labour market
D. All of the above
5 When real income increases, other things equal we fan expect the demand for real money holdings to.
A. Fall
B. Not change
C. Increase
D. Decrease
6 The single European Act committed_ governments to a ___ in 1992
A. European union, single market
B. Western European, single currency area
C. European union, single currency area
D. Western European, single market
7 In the classical model, potential output can not be increased by
A. Monetary growth
B. Better technology
C. More capital
D. higher labour supply
8 The imposition of a tariff causes consumption to _______ and imports to.
A. rise , rise
B. fall , rise
C. fall , fall
D. rise , fall
9 Macro economics is the study of.
A. Individual building blocks in the economy
B. The relationship between different sectors of the economy
C. Household purchased decisions
D. The economy as a whole
10 The total multiplier for the economy will reflect.
A. MPC and MPT
B. MPT and MPZ
C. MPC and MPZ
D. MPC, MPT and MPZ

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