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 banks and the private sector decide to hold less cash the money multiplier will be.

Question # 2

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

Question # 3

Real business cycle are cycles in

Question # 4

If two firms doing the same thing in the same industry join together this is known as a.

Question # 5

Market some times fall to exist because of.

Question # 6

In Nash equilibrium each player chooses the best strategy.

Question # 7

When we refer to the hidden economy we mean unrecorded income owing to.

Question # 8

Normative economics form ______ based on.

Question # 9

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

Question # 10

If your income during one year is L 10,000 ad the following year it is L,12,000 then it has grown by

Question # 11

In a free market

Question # 12

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

Question # 13

In the short run the level of floating exchange rates is determined mainly by.

Question # 14

The value of an asset depends upon

Question # 15

In the UK under a _________ of the labour force belong to a trade union.

Question # 16

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.

Question # 17

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

Question # 18

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

Question # 19

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

Question # 20

The key issues of macroeconomics are

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Economics
11th Chapter

PPSC Economics Chapter 11 Test

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PPSC Economics Chapter 11 Important MCQ's

Sr.# Question Answer
1 Floating exchange rates are __ in the short run
A. Stable
B. Volatile
C. Predictable
D. Depreciating
2 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
3 If the central bank buys financial securities in the open market to increase the monetary base, this is an example of.
A. Lender of last resort
B. Financial intermediation
C. Open market operations
D. Financial regulation.
4 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
5 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
6 The abolition of income tax would probably ________ the number of workers in employment and____________ the equilibrium. rate of unemployment.
A. increase ; decrease
B. increase ; increase
C. reduce ; increase
D. reduce ; reduce
7 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
8 Skilled labour is relatively scarce because.
A. There are too few teachers
B. Too few student places in higher education
C. It is costly to acquire human capital
D. Teachers salaries are too low
9 The participation rate in the labour force is affected by
A. Higher real wages
B. Lower fixed costs of working
C. Lower non labor income
D. All of the above
10 When the S/L exchange rate rises the pounds______ and whent he S/L rate falls the pounds.
A. depreciates, appreciates
B. revalues, devalues
C. appreciates, deprecates
D. becomes more expensive, becomes cheaper

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