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	Injection into the circular flow are _________ and _______	A. Consumption, investment, exports B. Investment exports, transfer payments C. Investment government expenditure, exports. D. Taxes, exports, transfer payments.
2	If a price increase of good A increases the quantity demanded of good B, then good B is a.	A. substitute good B. Complementary good C. Bargain D. Interior good
3	a demand curve can shift because of changing.	A. Incomes B. Prices of related goods C. Testes D. All of the above
4	A competitive firms demand curve is.	A. Horizontal B. Vertical C. Down ward sloping D. Fairly elastic
5	International difference in opportunity costs lead to countries acquiring.	A. Comparative advantage B. High exchange rates C. Trade exchange rates D. Trade barriers
6	If my neighbor burns garden waste causing my house to fil with smoke this is an example of.	A. A production extremality B. A second best solution C. Transaction costs D. A consumption externality
7	A competitive firm produces a level of output at which.	A. Price is greater than marginal cost B. Price equals marginal cost C. Price is less than marginal cost D. None of the above
8	If a person thinks they are better off after a 10% wage increase, and all prices have risen 10%, then they are experiencing.	A. Inflation B. A supply shocks C. Crowding out D. Inflation illusion
9	A firm that breaks even after all economic costs are paid is earning.	A. Economic profit B. Accounting profit C. Normal profit D. Supernormal profit
10	Moral Hazard means that the act of insuring __________ that the desired outcome will occur.	A. Reduces the likelihood B. Increase the likelihood C. Guarantees D. None of the above

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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

A supply curve is directly affected by

The short run Philips curve can shift in response to changes in

Floating exchange rates are __ in the short run

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

Top footballers land to earn more than lecturers because.

Monetarists believe that a reduction in _____ can be achieved by reducing.

By restricting labour supply a trade union can _________ and_______

Economic transition involves high inflation because ______ and _____

Potential output can be increased by _________ or by_________

A competitive firm produces a level of output at which.

When capital mobility is perfect, interest rate differentials will tend to be offset by

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

An optimal tariff is one which reduces imports to the level at which ___ equals

Except for taxes to offset ___ taxes are.

The AD schedule indicates that______ inflation is associated with______ output.

Economics assumes that people consume goods and services to achieve.

The level of the equilibrium exchange rate offsets international difference in.

The Keynesian model is a good guide to ______ behavior and the classical model describes behavior in.

The primary function of a bank is to.

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

Prepare Complete Set Wise PPSC Economics Topic 11 Assess Your Basics MCQs Online With Answers

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Set 11

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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By restricting labour supply a trade union can ___ and_

Economic transition involves high inflation because __ and _

Potential output can be increased by _ or by_

The AD schedule indicates that inflation is associated with output.