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

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Question # 1

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

Question # 2

The quantity theory of money says that changes in ______ lead to equivalent changes in ______ but have no effect on.

Question # 3

A production technique is technically efficient if.

Question # 4

Aggregate demand in an economy trading internationally with a government sector can be written s.

Question # 5

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

Question # 6

If the consumption of a good by one person does not reduce the quantity available by other and nobody cna be easily excluded from consumption, we are referring to a.

Question # 7

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

Question # 8

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

Question # 9

In an open economy leakages to imports ______ the value of the multiplier.

Question # 10

The opportunity cost of a good is.

Question # 11

At the intersection of AD and AS equilibrium is achieved in.

Question # 12

The multiplier accelerator model assumes _______ depends on.

Question # 13

Economics assumes that people consume goods and services to achieve.

Question # 14

The long run Philips curve is _________ at the ______

Question # 15

In a free market

Question # 16

Within circular flow of income, an increase in domestic income iwll lend to increase.

Question # 17

The Keynesian model is a good guide to ______ behavior and the classical model describes behavior in.

Question # 18

Marginal revenue is the ________ when output is.

Question # 19

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 # 20

Fiscal policy is weak under floating exchange rates as fiscal expansion.

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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 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
2 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.
A. Smaller
B. Larger
C. the same size
D. None of these
3 If your income doubles and the prices of the goods you buy double, then your demand for these goods will likely
A. Increase
B. Not change
C. Decrease
D. Shift
4 Comparing a monopoly and a competitive firm the monopolist will.
A. Produce less at a lower price
B. Produce more at a lower price
C. Produce less at a higher price
D. Produce less at a lower price
5 The equilibrium price clears the market it is the price at which.
A. Everything is sold
B. Buyers spend all their money
C. Excess demand is zero
D. c and d
6 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.
A. Market imperfection
B. The law of diminishing returns
C. The paradox of thriff
D. Market failure
7 In the event of an increase in the international price of oil that encouraged the central bank to accept lower real interest rates, inflation would most likely.
A. Fall
B. Increases
C. Remain the same
D. Fluctuate
8 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
9 A monopoly may be self perpetuating because profits may be used for
A. research
B. Cost saving
C. Technical advance
D. All of the above
10 The prisoners Dilemma Game demonstrates that.
A. Players are better off to act independently
B. Monopoly is better than competition
C. People will always cheat
D. Players are better off if they con operate

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