PPSC Economics Topic 11 Assess Your Basics MCQS

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Top Scorers Of PPSC Economics Topic 11 Assess Your Basics MCQ`s Test

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Tayyeba 03 - Dec - 2021 12 Min 05 Sec 16/20
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Amjad Ali 09 - Jun - 2023 07 Min 36 Sec 14/20
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romana 28 - Jun - 2021 03 Min 45 Sec 13/20
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Abdul Qayyum 26 - May - 2024 06 Min 48 Sec 13/20
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Shama Suleman 22 - May - 2022 07 Min 15 Sec 13/20
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Mona Bajwa 23 - May - 2022 07 Min 39 Sec 12/20
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Abdul subhan 02 - Jul - 2021 07 Min 28 Sec 11/20
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Murtaza Gillani 13 - Jul - 2024 07 Min 48 Sec 11/20
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Hamza 23 - Aug - 2021 10 Min 10 Sec 10/20
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Aleeza Aslam 15 - Nov - 2022 03 Min 52 Sec 9/20
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Ayesha siddiqa 08 - Jun - 2021 12 Min 06 Sec 8/20
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huma 30 - Jun - 2021 12 Min 23 Sec 8/20
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savera 03 - Jul - 2021 04 Min 58 Sec 6/20
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Abdul Basit 26 - May - 2022 05 Min 13 Sec 6/20
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abuzar 02 - Aug - 2023 08 Min 12 Sec 6/20

PPSC Economics Chapter 11 Important MCQ's

Sr.#	Question	Answer
1	An increase in consumer income will increase demand for a __________ for decrease demand for a.	A. Substitute good interior good B. Normal good, interior good C. Interior good, normal good. D. Normal good, complementary good.
2	Government may contribute to inflationary pressure on account of building up large.	A. Numbers of employees B. Welfare plans C. Budget deficits D. Expenditure.
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	Nominal GNP measures income	A. At the present time B. Corrected for tax changes C. Corrected for changes in interest rates D. At current prices
5	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
6	If demand is _______ then price cuts will ________ spending.	A. Inelastic, increase B. Elastic, increase C. Elastic, decreases D. None of the above
7	Efficiency wages are_______ that raise	A. Low wages , employment B. High wages, labor supply C. High wages, productivity D. High wages, employment
8	The growth rate of economics tend to converge because._________ is easier when capital per worker is low and because of_____	A. capital widening, technical innovation B. Capital widening, catch up in technology C. Capital deepening, technical innovation D. Capital deepening, catch up technology.
9	When we know the quantity of a product that buyers wish to purchases at each possible price we know.	A. Demand B. Supply C. excess demand D. Excess supply
10	In the UK mergers can be referred to the competition commission of they create a firm with _______ of the market.	A. 15% B. 20% C. 25% D. 30%

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PPSC Economics Topic 11 MCQS Test Preparation

MCQ's Test For PPSC Economics Topic 11 Assess Your Basics

PPSC Economics Topic 11 Assess Your Basics

The costs of inflation are

In the economy when a steel producer sells steel to car producer it is regarded as.

A competitive firms demand curve is.

Normative economics form ______ based on.

Injection into the circular flow are _________ and _______

An advocate of the classical model of the economy would claim that unemployment a created when the ___________ is above its equilibrium level in the.

The business cycle describes fluctuations in output around the.

If British Residents want more French francs to purchases more fresh wine, other things equal than the equilibrium value of the pound against the French farce will.

A profit maximizing firm will hire labor until _______ equal the

In Nash equilibrium each player chooses the best strategy.

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

For a competitive firm its short run supply curve is ________ and its long run supply curve is.

If a price increase of good A increases the quantity demanded of good B, then good B is a.

Economics is the study of

Efficiency wages are_______ that raise

The multiplier accelerator model assumes _______ depends on.

The opportunity cost of acquiring education is.

Positive cross elasticities suggest that goods are ______ and negative cross elasticities that goods are.

A fixed exchange rate, plus perfect capital mobility _______ the scope for monetary policy.

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

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Topic Test

PPSC Economics Chapter 11 Test

Top Scorers Of PPSC Economics Topic 11 Assess Your Basics MCQ`s Test

PPSC Economics Chapter 11 Important MCQ's

Test Questions

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Injection into the circular flow are ___ and _