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 single European Act committed_ governments to a ___ in 1992

Question # 2

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

Question # 3

When the level of income _______ there will be atendency for the trade balance to improve as imports.

Question # 4

A profit maximizing firm will hire labor until _______ equal the

Question # 5

the Maastricht criteria for entry to the EMU are that applicants should have

Question # 6

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

Question # 7

A current account deficit means that a country may.

Question # 8

The multiplier accelerator model assumes _______ depends on.

Question # 9

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

Question # 10

Real business cycle theorists argue that ___________ can explain short and long term fluctuations in output.

Question # 11

Leakages from the circular flow are____ and _____

Question # 12

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

Question # 13

The multiplier tells us how much __________ chagnes after a shift in.

Question # 14

In the short run, the supply of capital is _______ and in the long run iwll depend on.

Question # 15

The business cycle describes fluctuations in output around the.

Question # 16

A person who is made redundant because of the contraction of an industry is a victim of.

Question # 17

The opportunity cost of a good is.

Question # 18

Economics assumes that people consume goods and services to achieve.

Question # 19

Micro economics is conceded with

Question # 20

A dominant strategy 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 International difference in opportunity costs lead to countries acquiring.
A. Comparative advantage
B. High exchange rates
C. Trade exchange rates
D. Trade barriers
2 Floating exchange rates are __ in the short run
A. Stable
B. Volatile
C. Predictable
D. Depreciating
3 Normative economics form ______ based on.
A. Positive statements facts
B. Opinions, personal values
C. Positive statements values
D. Opinions facts
4 If my neighbor burns garden waste causing my house to fil with smoke this is an example of.
A. A production extremality
B. A second best solution
C. Transaction costs
D. A consumption externality
5 If both Marginal cost and marginal revenue increase, a firm.
A. Should increase output
B. Should reduce output
C. Will require further information on how to respond
D. should not change output
6 A current account deficit means that a country may.
A. Reduce its stock of foreign assets
B. Increases its stock of foreign assets
C. Increases its savings
D. Increases its foreign currency reserves.
7 All of the following are parts of the business cycle except.
A. Boom
B. slump
C. Recovery
D. Acceleration
8 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
9 On a graph a positive linear relation ship.
A. Moves down to the right
B. Moves up to the left
C. Moves up to the right
D. Modes down to the left
10 Economics is the study of
A. Production technology
B. Consumption decisions
C. How society decides what how and for whom to produce
D. The best way to run society

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