PPSC Economics Topic 11 MCQS Test Preparation

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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

Potential output can be increased by _________ or by_________

Question # 2

The AD schedule indicates that______ inflation is associated with______ output.

Question # 3

The main cause of different relative costs between countries are.

Question # 4

Short run average total costs are equal to the sum of _______ and______

Question # 5

Satellite television subscription and television detection devices are ways in which broadcasting companies address the _____ problem.

Question # 6

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

Question # 7

The business cycle is not transmitted from one country to another through.

Question # 8

When we know the quantity of a product that buyers wish to purchases at each possible price we know.

Question # 9

The opportunity cost of acquiring education is.

Question # 10

The Philips curve shows the trade off between ________ and _____

Question # 11

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

Question # 12

Macro economics is the study of.

Question # 13

The allocation of resources is not efficient it

Question # 14

Land will be allocated between competing uses so that.

Question # 15

Possible causes of involuntary unemployment are

Question # 16

If the government increase spending and raises taxes by just enough to finance the increase it will.

Question # 17

If demand is _______ then price cuts will ________ spending.

Question # 18

All of the following are type of monetary policy except

Question # 19

Women and non whiles on average receive lower comes than white men because.

Question # 20

At the intersection of AD and AS equilibrium is achieved in.

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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 We would normally expect the size of the labour force to be ____ than the number of workers willing to accept job offers at any real wage rate.
A. Smaller
B. Larger
C. the same size
D. None of these
2 Starting from a balanced budget, for a given tax rate an increase in income will cause the government budget to.
A. Move into surplus
B. Move into deficit
C. Remain unchanged
D. None of these
3 The equilibrium inflation rate is determine by the intersection of __________ and ___
A. demand, supply
B. IS , LM
C. AD, AS
D. Labour demand, labour supply
4 If a firm not operating at the output necessary to achieve al scale economies it has not achieved its.
A. Efficient scale
B. Average efficient scale
C. Maximum efficient scale
D. Minimum efficient scale
5 The growth rate of economics tend to converge because._________ is easier when capital per worker is low and because of_____
A. capital widening, technical innovation
B. Capital widening, catch up in technology
C. Capital deepening, technical innovation
D. Capital deepening, catch up technology.
6 The short run Philips curve can shift in response to changes in
A. inflationary expectations
B. Unemployment
C. The inflation rate
D. Wage rates
7 Comparing a monopoly and a competitive firm the monopolist will.
A. Produce less at a lower price
B. Produce more at a lower price
C. Produce less at a higher price
D. Produce less at a lower price
8 Leakages from the circular flow are____ and _____
A. Investment savings, government expenditure
B. Saving , taxes net of subsidies, imports
C. Consumption, investment , government expenditure.
D. Consumption, taxes, impports
9 Top footballers land to earn more than lecturers because.
A. Footballers give more entertainment
B. Lecturers are lazy
C. The labour markets are imperfect
D. Top footballers are relatively scarce in relation to lecturers
10 In the absence of international capital controls, central banks set ______ to provide the correct incentive for speculators
A. Money supply targets
B. Income policy
C. Interest rates
D. Inflation targets

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