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

A dominant strategy is.

Question # 2

a demand curve can shift because of changing.

Question # 3

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 # 4

Real business cycle theory suggests that __________ not important in explaining short term fluctuations around actual output.

Question # 5

In the short run the level of floating exchange rates is determined mainly by.

Question # 6

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

Question # 7

The Philips curve shows the trade off between ________ and _____

Question # 8

In an economy, measuring total value (1) added, total value(2) spending on final goods and 3 total factor earning gives the result that.

Question # 9

Perfect price discrimination means that every customer.

Question # 10

All of the following are types of imperfect competition except

Question # 11

If the MPC is 0.5 the multiplier is

Question # 12

All of the following are type of monetary policy except

Question # 13

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

Question # 14

When we refer to the hidden economy we mean unrecorded income owing to.

Question # 15

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

Question # 16

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

Question # 17

If desired spending in the economy exceeds income we would expect.

Question # 18

A profit maximizing firm will hire labor until _______ equal the

Question # 19

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

Question # 20

A straight line diagram can be drawn knowing the _______ and _____

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Economics
11th Chapter

PPSC Economics Chapter 11 Test

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PPSC Economics Chapter 11 Important MCQ's

Sr.# Question Answer
1 When capital mobility is perfect, interest rate differentials will tend to be offset by
A. Price differences.
B. Balance of payments differences.
C. Current account differences.
D. Expected exchange rate changes
2 A reduction in interest rates, causes an increases in the monetary base that result in an_____ in the availability of consumer credit and a _ in the cost of consumer credit.
A. Reduction, increases
B. reduction,reduction
C. increase, reduction
D. increases, increases
3 Monetarists believe that a reduction in _____ can be achieved by reducing.
A. Unemployment, prices
B. Inflation, wages
C. Unemployment, wages
D. Inflation, the quantity of nominal money
4 The imposition of a tariff causes consumption to _______ and imports to.
A. rise , rise
B. fall , rise
C. fall , fall
D. rise , fall
5 An upward shift in marginal cost ___________ output and an upward shift in _____ marginal revenue __ output.
A. Reduce , reduce
B. Reduce , increase
C. Increased, increased
D. Increases, reduces
6 The AD schedule indicates that______ inflation is associated with______ output.
A. higher , lower
B. Higher , higher
C. Lower , lower
D. zero ,zero
7 Aggregate demand without a foreign sector is the sum of.
A. c+1
B. C+G
C. 1+G
D. C+!+G
8 All of the following represent obstacles to LDC development except.
A. Resource scarcity
B. Low level of investment
C. Low population
D. Poor infrastructure
9 When the S/L exchange rate rises the pounds______ and whent he S/L rate falls the pounds.
A. depreciates, appreciates
B. revalues, devalues
C. appreciates, deprecates
D. becomes more expensive, becomes cheaper
10 In the short run the level of floating exchange rates is determined mainly by.
A. Interest rates
B. Competitiveness
C. Trade
D. Speculation

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