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

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Question # 1

Extremality's arise because there is a divergence between ____ and _

Question # 2

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

Question # 3

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

Question # 4

Short run average total costs are equal to the sum of _______ and______

Question # 5

If your income during one year is L 10,000 ad the following year it is L,12,000 then it has grown by

Question # 6

With fixed exchange rates and no private currency flow, when the central bank buys domestic currency the domestic money supply is.

Question # 7

If two firms doing the same thing in the same industry join together this is known as a.

Question # 8

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.

Question # 9

A natural monopoly has a declining ________ over a large range of output.

Question # 10

Injection into the circular flow are _________ and _______

Question # 11

The participation rate in the labour force is affected by

Question # 12

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

Question # 13

Moral Hazard means that the act of insuring __________ that the desired outcome will occur.

Question # 14

Perfect price discrimination means that every customer.

Question # 15

Normative economics form ______ based on.

Question # 16

A profit maximizing firm will hire labor until _______ equal the

Question # 17

Aggregate demand without a foreign sector is the sum of.

Question # 18

Economic growth may depend upon __________ and_________

Question # 19

Government may contribute to inflationary pressure on account of building up large.

Question # 20

On a graph a positive linear relation ship.

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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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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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PPSC Economics Chapter 11 Important MCQ's

Sr.# Question Answer
1 All of the following are parts of the business cycle except.
A. Boom
B. slump
C. Recovery
D. Acceleration
2 Real business cycle are cycles in
A. Potential output
B. Actual output
C. Real output
D. International trade
3 In the short run the level of floating exchange rates is determined mainly by.
A. Interest rates
B. Competitiveness
C. Trade
D. Speculation
4 The retail price index is used to.
A. Construct price lists
B. Compare shop prices
C. Measure changes in the cost of living
D. None of the above
5 Real business cycle theorists argue that ___________ can explain short and long term fluctuations in output.
A. Imperfect labour markets
B. Rational expectations
C. Intertemporal decisions of households firms and government.
D. Sun spot cycles
6 The key issues of macroeconomics are
A. Unemployment
B. Inflation
C. Economic growth
D. All of the above
7 The Keynesian model is a good guide to ______ behavior and the classical model describes behavior in.
A. Long run, short run
B. Flexible, imperfect markets
C.
Short term , long run
D. Ong run, imperfect market.
8 Short run average total costs are equal to the sum of _______ and______
A. Short run opportunity costs, profit
B. Short run average variable costs, profit
C. short run average variable costs, profit.
D. Short run average variable costs short run average fixed costs
9 LDC's often have a comparative advantage in the production of.
A. Primary products
B. Intermediate products
C. Manufactured products
D. Financial services.
10 A fall in investment demand can result from
A. Higher interest rates
B. Lower expected future profits
C. More expensive capital goods
D. All of the above

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