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

Perfect international capital mobility suggests that international funds will be responsive to _______ differentials.

Question # 2

Fiscal policy is weak under floating exchange rates as fiscal expansion.

Question # 3

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

Question # 4

Perfect price discrimination means that every customer.

Question # 5

International difference in opportunity costs lead to countries acquiring.

Question # 6

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

Question # 7

A straight line diagram can be drawn knowing the _______ and _____

Question # 8

In a free market

Question # 9

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

Question # 10

The prisoners Dilemma Game demonstrates that.

Question # 11

All of the following represent obstacles to LDC development except.

Question # 12

If both Marginal cost and marginal revenue increase, a firm.

Question # 13

If the consumption of a good by one person does not reduce the quantity available by other and nobody cna be easily excluded from consumption, we are referring to a.

Question # 14

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

Question # 15

In the ERM, each country fixed ___ against each other ERM participant collectively the group._____ against the rest of the world.

Question # 16

Marginal revenue is the ________ when output is.

Question # 17

Moral Hazard means that the act of insuring __________ that the desired outcome will occur.

Question # 18

Nominal GNP measures income

Question # 19

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

Question # 20

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

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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 If your income doubles and the prices of the goods you buy double, then your demand for these goods will likely
A. Increase
B. Not change
C. Decrease
D. Shift
2 A fall in investment demand can result from
A. Higher interest rates
B. Lower expected future profits
C. More expensive capital goods
D. All of the above
3 Economics is the study of
A. Production technology
B. Consumption decisions
C. How society decides what how and for whom to produce
D. The best way to run society
4 The business cycle is not transmitted from one country to another through.
A. Private sector imports and exports
B. Economic policy
C. The duration of compulsory education
D. Labour supply changes
5 import substitution is the replacement of ________ by domestic production under the protection of.
A. exports, subsidies
B. Exports, patents
C. imports, high tariffs or import quotes
D. Imports, subsidies
6 Aggregate demand in an economy trading internationally with a government sector can be written s.
A. AD = C+1
B. AD = C + 1+ G
C. AD = C +1+G+X+Z
D. AD+C+1+G+X-Z
7 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.
8 When capital mobility is perfect, interest rate differentials will tend to be offset by
A. Price differences.
B. Balance of payments differences.
C. Current account differences.
D. Expected exchange rate changes
9 A rise in the real exchange rate will __ the competitiveness of the domestic economy.
A. Increase
B. reduce
C. do nothing do
D. all of these
10 When investment is assumed to autonomous the slope of the AD schedule is determined by the.
A. Marginal propensity to invest.
B. disposable income
C. Marginal propensity to consume
D. Average properisity to consume

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