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

Comparing a monopoly and a competitive firm the monopolist will.

Question # 2

In the circular flow we would expect leakages to __________ injections.

Question # 3

Nominal GNP measures income

Question # 4

All of the following are parts of the business cycle except.

Question # 5

If banks and the private sector decide to hold less cash the money multiplier will be.

Question # 6

The most important source of wage differentiate are.

Question # 7

Real GNP measures income

Question # 8

Efficiency wages are_______ that raise

Question # 9

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.

Question # 10

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

Question # 11

The opportunity cost of a student is.

Question # 12

In the UK under a _________ of the labour force belong to a trade union.

Question # 13

A good example of a public good is.

Question # 14

The costs of inflation are

Question # 15

If the central bank buys financial securities in the open market to increase the monetary base, this is an example of.

Question # 16

In the EMU a country's competitiveness can change because of.

Question # 17

Higher export demand _______ output and a higher MPZ______ output..

Question # 18

If one country, with floating exchange states, has higher inflation than its competitors, we would expect its exchange rate to.

Question # 19

When the S/L exchange rate rises the pounds______ and whent he S/L rate falls the pounds.

Question # 20

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

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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 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
2 the Maastricht criteria for entry to the EMU are that applicants should have
A. Low inflation
B. Low interest rates
C. Stable nominal exchange rate
D. All of the above
3 The multiplier accelerator model assumes _______ depends on.
A. Consumption, expected future profits.
B. Investment, interest rates.
C. Investment expected future profits.
D. Stock building, interest rates.
4 A competitive equilibrium is Pareto efficient because.
A. Producers are price takers
B. Consumers and producer's face the same prices
C. Marginal costs and benefits are equal
D. All of the above
5 Higher export demand _______ output and a higher MPZ______ output..
A. Reduces, reduces
B. Reduces, increases
C. Increases, reduces
D. increases, increases
6 Fiscal policy is weak under floating exchange rates as fiscal expansion.
A. Crowds out imports
B. Crowds out public consumption
C. Crowds out exports
D. Reduces the budget deficit
7 An optimal tariff is one which reduces imports to the level at which ___ equals
A. imports , exports
B. The balance of trade, zero
C. The demand for currency, the supply of currency
D. Social marginal cost social marginal benefit
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 If banks and the private sector decide to hold less cash the money multiplier will be.
A. Unchanged
B. Larger
C. Smaller
D. unstable
10 The short run Philips curve can shift in response to changes in
A. inflationary expectations
B. Unemployment
C. The inflation rate
D. Wage rates

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