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 opportunity cost of a student is.

Question # 2

Top footballers land to earn more than lecturers because.

Question # 3

Marginal revenue is the ________ when output is.

Question # 4

International difference in opportunity costs lead to countries acquiring.

Question # 5

The long run Philips curve is _________ at the ______

Question # 6

Starting from a balanced budget, for a given tax rate an increase in income will cause the government budget to.

Question # 7

All of the following are types of imperfect competition except

Question # 8

The most important source of wage differentiate are.

Question # 9

The imposition of a tariff causes consumption to _______ and imports to.

Question # 10

Efficiency wages are_______ that raise

Question # 11

M4 is a _________ measures of money and includes deposits at both _____________ and

Question # 12

Market failure may arise because of.

Question # 13

If the diagram of a line shows that lower values on the vertical scale are associated with higher values on the horizontal scale this is an example of.

Question # 14

If the central bank buys financial securities in the open market to increase the monetary base, this is an example of.

Question # 15

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

Question # 16

Adding up the quantities demanded of a good by different people facing the same price gives us the.

Question # 17

Real GNP is a crude measure of national welfare because it excludes.

Question # 18

The impossibility of negative gross investment provides a______ to fluctuations in.

Question # 19

All of the following are type of monetary policy except

Question # 20

The allocation of resources is not efficient it

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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 the MPC is 0.5 the multiplier is
A. 2
B. 1/2
C. 0.2
D. 20
2 If a person thinks they are better off after a 10% wage increase, and all prices have risen 10%, then they are experiencing.
A. Inflation
B. A supply shocks
C. Crowding out
D. Inflation illusion
3 The real value can be derived from a nominal value by
A. Adjusting changes over time
B. Adjusting for data collection errors
C. Adjusting for population changes
D. Adjusting for changes in prices
4 Micro economics is conceded with
A. The economy as a whole
B. The electronics industry
C. The study of individual economic behavior
D. the interactions within the entire economy
5 Moral Hazard means that the act of insuring __________ that the desired outcome will occur.
A. Reduces the likelihood
B. Increase the likelihood
C. Guarantees
D. None of the above
6 Holding all factors constant except one and increasing a variable factor is expected to lead to steadily decreasing marginal product of the factor this is an example of.
A. Decreasing returns to scale
B. The law of diminishing returns
C. Constant returns to scale
D. an inefficient production technique
7 Aggregate demand in an economy trading internationally with a government sector can be written s.
A. AD = C+1
B. AD = C + 1+ G
C. AD = C +1+G+X+Z
D. AD+C+1+G+X-Z
8 In the UK under a _________ of the labour force belong to a trade union.
A. Quarter
B. Third
C. Half
D. Three quarters
9 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
10 In the short run, the supply of capital is _______ and in the long run iwll depend on.
A. Variable technology
B. Fixed, expectations
C. Fixed, rental rate of capital
D. Variable, interest rates.

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