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

Aggregate demand without a foreign sector is the sum of.

Question # 2

A rise in the real exchange rate will __ the competitiveness of the domestic economy.

Question # 3

All of the following are types of imperfect competition except

Question # 4

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

Question # 5

A current account deficit means that a country may.

Question # 6

The abolition of income tax would probably ________ the number of workers in employment and____________ the equilibrium. rate of unemployment.

Question # 7

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

Question # 8

In the ERM, each country fixed ___ against each other ERM participant collectively the group._____ against the rest of the world.

Question # 9

Starting from a balanced budget, for a given tax rate an increase in income will cause the government budget to.

Question # 10

Real business cycle theorists argue that ___________ can explain short and long term fluctuations in output.

Question # 11

If my neighbor burns garden waste causing my house to fil with smoke this is an example of.

Question # 12

Real business cycle are cycles in

Question # 13

The short run marginal cost curve cuts the short run total cost curve and short run average variable cost curve.

Question # 14

LDC's often have a comparative advantage in the production of.

Question # 15

The value of an asset depends upon

Question # 16

If I keep some money available in case I see a bargain this is an example of.

Question # 17

One of the transmission mechanism of monetary policy is through consumer house hold wealth.___________ and consumption.

Question # 18

A person who is made redundant because of the contraction of an industry is a victim of.

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

Normative economics form ______ based on.

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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 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
2 When real income increases, other things equal we fan expect the demand for real money holdings to.
A. Fall
B. Not change
C. Increase
D. Decrease
3 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
4 The effect of a tax to offset a negative eternality will be to ________ price and ____ quantity.
A. Reduce, reduce
B. increase, increase
C. Increase , reduce
D. reduce, increase
5 All of the following are types of imperfect competition except
A. Monopolistic competition
B. Oligopoly
C. Monopoly
D. Unfair competition
6 By restricting labour supply a trade union can _________ and_______
A. Increase the wage, increase employment
B. Maintain the wage, increase employment
C. Increase the wage lower employment
D. Maintain the wage, lower employment
7 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%
8 Women and non whiles on average receive lower comes than white men because.
A. They tend to work in relatively unskilled jobs
B. Educational disadvantage
C. Firms are reluctant to invest in training
D. All of the above
9 A straight line diagram can be drawn knowing the _______ and _____
A. Vertical axis and horizontal axis
B. Intercept and slope
C. Scale and slope
D. Intercept and scale.
10 If a country has a burden of debt it cannot sustain it can.
A. Reschedule debt
B. Get a loan from an international organization
C. Default on the loan
D. Any of the above

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