PPSC Economics Topic 11 MCQS Test Preparation

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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 multiplier is calculated as.

Question # 2

Efficiency wages are_______ that raise

Question # 3

The short run Philips curve can shift in response to changes in

Question # 4

If British Residents want more French francs to purchases more fresh wine, other things equal than the equilibrium value of the pound against the French farce will.

Question # 5

Injection into the circular flow are _________ and _______

Question # 6

The real value can be derived from a nominal value by

Question # 7

Real GNP measures income

Question # 8

A monopoly may be self perpetuating because profits may be used for

Question # 9

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

Question # 10

On a graph a positive linear relation ship.

Question # 11

A competitive firm produces a level of output at which.

Question # 12

The long run Philips curve is _________ at the ______

Question # 13

Under floating exchange rates, expectations of higher interest rates are likely to cause an __________ of the exchange rate.

Question # 14

In the ERM, each country fixed ___ against each other ERM participant collectively the group._____ against the rest of the world.

Question # 15

Output fell sharply in the transition economies because.

Question # 16

International specialization takes place because of.

Question # 17

A straight line diagram can be drawn knowing the _______ and _____

Question # 18

A firm that breaks even after all economic costs are paid is earning.

Question # 19

All of the following are type of monetary policy except

Question # 20

The increase in total cost when one more units is produced is known as.

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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 demand is _______ then price cuts will ________ spending.
A. Inelastic, increase
B. Elastic, increase
C. Elastic, decreases
D. None of the above
2 Government may contribute to inflationary pressure on account of building up large.
A. Numbers of employees
B. Welfare plans
C. Budget deficits
D. Expenditure.
3 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
4 International specialization takes place because of.
A. Differences in technology
B. Differences in factor endowments
C. Scale economies
D. All of the above
5 The multiplier is calculated as.
A. 1(1-MPC)
B. 1/MPS
C. 1/MPC
D. a or b
6 In the short run the level of floating exchange rates is determined mainly by.
A. Interest rates
B. Competitiveness
C. Trade
D. Speculation
7 The theory that explains business cycles by the dynamic interaction of consumption and investment demand is the.
A. Sun spect theory
B. Multiplier accelerator model
C. Solow theory
D. New classical theory
8 Bank create money by
A. Printing it
B. Issuing debit cards
C. Accepting chequeens
D. Lending out part of their deposits
9 Aggregate demand without a foreign sector is the sum of.
A. c+1
B. C+G
C. 1+G
D. C+!+G
10 When we know the quantity of a product that buyers wish to purchases at each possible price we know.
A. Demand
B. Supply
C. excess demand
D. Excess supply

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