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

a demand curve can shift because of changing.

Question # 2

A good example of a public good is.

Question # 3

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

Question # 4

We would normally expect the size of the labour force to be ____ than the number of workers willing to accept job offers at any real wage rate.

Question # 5

Economics is the study of

Question # 6

When we know the quantity of a product that buyers wish to purchases at each possible price we know.

Question # 7

Perfect international capital mobility suggests that international funds will be responsive to _______ differentials.

Question # 8

Economics assumes that people consume goods and services to achieve.

Question # 9

Taxes create a wedge between the sales price and purchase price that prevents the price system equaling _________ and

Question # 10

The business cycle is not transmitted from one country to another through.

Question # 11

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

Question # 12

The real value can be derived from a nominal value by

Question # 13

All of the following represent obstacles to LDC development except.

Question # 14

For perfect competition ot work there must be

Question # 15

A fall in investment demand can result from

Question # 16

The prisoners Dilemma Game demonstrates that.

Question # 17

In the neoclassical theory of growth a higher saving rate leads to.

Question # 18

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

Question # 19

A dominant strategy is.

Question # 20

Economic growth may depend upon __________ and_________

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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 opportunity cost of acquiring education is.
A. Course fees
B. Course fees and living expenses
C. The earning foregone
D. Course fees, living expenses and textbooks
2 With fixed exchange rates and no private currency flow, when the central bank buys domestic currency the domestic money supply is.
A. Increased
B. Unaffected
C. Reduced
D. All of the above
3 Normative economics form ______ based on.
A. Positive statements facts
B. Opinions, personal values
C. Positive statements values
D. Opinions facts
4 A supply curve is directly affected by
A. Technology
B. Input costs
C.
Government regulation
D. All of the above
5 For perfect competition ot work there must be
A. Many buyers and sellers
B. A standard product
C. Free entry and exit
D. All of the above
6 When a market is contestable , incumbent firms must.________ to avoid the entry of new competitors.
A. Behave like competitive firms
B. Agree to act together
C. Differentiate their products
D. Practice price discrimination
7 Perfect international capital mobility suggests that international funds will be responsive to _______ differentials.
A. Current account
B. Interest rate
C. Tax
D. Price
8 We cannot say whether one allocation of resources is better than another allocation because.
A. some people cant count
B. Some people may not be permanent residents
C. Not all economic activity is legal
D. We cant make value judgements to compare different people welfare.
9 Under floating exchange rates, expectations of higher interest rates are likely to cause an __________ of the exchange rate.
A. Depreciation
B. Appreciation
C. fall
D. Devaluation
10 A reduction in interest rates, causes an increases in the monetary base that result in an_____ in the availability of consumer credit and a _ in the cost of consumer credit.
A. Reduction, increases
B. reduction,reduction
C. increase, reduction
D. increases, increases

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