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

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

Question # 2

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

Question # 3

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

Question # 4

Real GNP is a crude measure of national welfare because it excludes.

Question # 5

For perfect competition ot work there must be

Question # 6

Marginal revenue is the ________ when output is.

Question # 7

If your income doubles and the prices of the goods you buy double, then your demand for these goods will likely

Question # 8

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

Question # 9

Polices to reduce unemployment by reducing union power tax cut reduction is unemployment benefit and investment. subsidies are examples of.

Question # 10

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

Question # 11

import substitution is the replacement of ________ by domestic production under the protection of.

Question # 12

Bank create money by

Question # 13

a demand curve can shift because of changing.

Question # 14

An increase in consumer income will increase demand for a __________ for decrease demand for a.

Question # 15

Economics assumes that people consume goods and services to achieve.

Question # 16

The increase in total cost when one more units is produced is known as.

Question # 17

A fall in investment demand can result from

Question # 18

A dominant strategy is.

Question # 19

When real income increases, other things equal we fan expect the demand for real money holdings to.

Question # 20

Economic transition involves high inflation because ______ 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 An increase in consumer income will increase demand for a __________ for decrease demand for a.
A. Substitute good interior good
B. Normal good, interior good
C. Interior good, normal good.
D. Normal good, complementary good.
2 International difference in opportunity costs lead to countries acquiring.
A. Comparative advantage
B. High exchange rates
C. Trade exchange rates
D. Trade barriers
3 Adding up the quantities demanded of a good by different people facing the same price gives us the.
A. Supply curve
B. Market demand curve
C. Demand curve
D. Market supply curve
4 The multiplier is calculated as.
A. 1(1-MPC)
B. 1/MPS
C. 1/MPC
D. a or b
5 During periods of rising inflation and rising interest rates we expect the demand for real cash to.
A. rise
B. fall
C. not change
D. fluctuate
6 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
7 Skilled labour is relatively scarce because.
A. There are too few teachers
B. Too few student places in higher education
C. It is costly to acquire human capital
D. Teachers salaries are too low
8 In an open economy leakages to imports ______ the value of the multiplier.
A. Reduce
B. Increase
C. do not change
D. None of these
9 Perfect international capital mobility suggests that international funds will be responsive to _______ differentials.
A. Current account
B. Interest rate
C. Tax
D. Price
10 In a fixed exchange rate regime, the central bank will intervene by __ pounds to ______ the exchange rate.
A. Selling, increase
B. buying , increase
C. selling, reduce
D. both b and c

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