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

00:00
Question # 1

The firms long run output decision will be where.

Question # 2

In the UK mergers can be referred to the competition commission of they create a firm with _______ of the market.

Question # 3

Market some times fall to exist because of.

Question # 4

A profit maximizing firm will hire labor until _______ equal the

Question # 5

The effect of a tax to offset a negative eternality will be to ________ price and ____ quantity.

Question # 6

When real income increases, other things equal we fan expect the demand for real money holdings to.

Question # 7

We cannot say whether one allocation of resources is better than another allocation because.

Question # 8

International difference in opportunity costs lead to countries acquiring.

Question # 9

Leakages from the circular flow are____ and _____

Question # 10

Economic growth may depend upon __________ and_________

Question # 11

During periods of rising inflation and rising interest rates we expect the demand for real cash to.

Question # 12

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

Question # 13

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

Question # 14

Economics assumes that people consume goods and services to achieve.

Question # 15

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

Question # 16

If both Marginal cost and marginal revenue increase, a firm.

Question # 17

The costs of inflation are

Question # 18

A current account deficit means that a country may.

Question # 19

A monopoly may be self perpetuating because profits may be used for

Question # 20

Short run equilibrium output means that aggregate demand _ actual output

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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 In a fixed exchange rate regime, the central bank will intervene by __ pounds to ______ the exchange rate.
A. Selling, increase
B. buying , increase
C. selling, reduce
D. both b and c
2 The business cycle describes fluctuations in output around the.
A. Trend path of output
B. Boom
C. Recession
D. Short run fluctuations in output
3 When we refer to the hidden economy we mean unrecorded income owing to.
A. Tax evasion
B. Poor statistics
C. The lags between statistical collection and publication .
D. Smuggling
4 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. Rise
B. fall
C. not changes
D. fluctuate
5 Efficiency wages are_______ that raise
A. Low wages , employment
B. High wages, labor supply
C. High wages, productivity
D. High wages, employment
6 A dominant strategy is.
A. A winning strategy
B. A losing strategy
C. A players best strategy when moving fist
D. a player's best strategy whatever the strategies adopted by rivals
7 All of the following are benefits of the single market except.
A. It allows countries to exploit their comparative advantage, more fully
B. Firms could more readily exploit economies of scale
C. It intensified competition
D. It is easier book holidays in member countries.
8 A profit maximizing firm will hire labor until _______ equal the
A. Marginal revenue, marginal cost
B. Long run marginal revenue, long run marginal cost
C. Labour output ratio, capital output ratio
D. Marginal cost of labour, marginal revenue product
9 The AD schedule indicates that______ inflation is associated with______ output.
A. higher , lower
B. Higher , higher
C. Lower , lower
D. zero ,zero
10 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

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