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 a price increase of good A increases the quantity demanded of good B, then good B is a.

Question # 2

All of the following are type of monetary policy except

Question # 3

In the short run, the supply of capital is _______ and in the long run iwll depend on.

Question # 4

Market some times fall to exist because of.

Question # 5

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

Question # 6

A supply curve is directly affected by

Question # 7

In the classical model, potential output can not be increased by

Question # 8

The AD schedule indicates that______ inflation is associated with______ output.

Question # 9

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

Question # 10

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

Question # 11

The quantity theory of money says that changes in ______ lead to equivalent changes in ______ but have no effect on.

Question # 12

Economics is the study of

Question # 13

The multiplier tells us how much __________ chagnes after a shift in.

Question # 14

The theory that explains business cycles by the dynamic interaction of consumption and investment demand is the.

Question # 15

With fixed exchange rates and no private currency flow, when the central bank buys domestic currency the domestic money supply is.

Question # 16

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

Question # 17

The opportunity cost of a student is.

Question # 18

The long run Philips curve is _________ at the ______

Question # 19

Bank create money by

Question # 20

If a country has a burden of debt it cannot sustain it can.

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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 A dominant strategy is.
A. A winning strategy
B. A losing strategy
C. A players best strategy when moving fist
D. a player's best strategy whatever the strategies adopted by rivals
2 A profit maximizing firm will hire labor until _______ equal the
A. Marginal revenue, marginal cost
B. Long run marginal revenue, long run marginal cost
C. Labour output ratio, capital output ratio
D. Marginal cost of labour, marginal revenue product
3 The real value can be derived from a nominal value by
A. Adjusting changes over time
B. Adjusting for data collection errors
C. Adjusting for population changes
D. Adjusting for changes in prices
4 A tariff causes domestic firms to __________ and consumers to
A. Overproduced, under consume
B. overproduce , overconsume
C. Underproduce, under consume
D. underproduce, overconsume
5 If the MPC is 0.5 the multiplier is
A. 2
B. 1/2
C. 0.2
D. 20
6 The allocation of resources is not efficient it
A. The marginal cost of production does not equal society marginal benefit
B. The distribution is inequitable
C. Economic growth is low
D. Unemployment is high
7 The total multiplier for the economy will reflect.
A. MPC and MPT
B. MPT and MPZ
C. MPC and MPZ
D. MPC, MPT and MPZ
8 The retail price index is used to.
A. Construct price lists
B. Compare shop prices
C. Measure changes in the cost of living
D. None of the above
9 Satellite television subscription and television detection devices are ways in which broadcasting companies address the _____ problem.
A. Externality
B. Market imperfection
C. Deadweight burden
D. Free rider
10 In the economy when a steel producer sells steel to car producer it is regarded as.
A. A final good
B. An intermediate good
C. an injection
D. a leakage

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