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

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

Question # 2

The imposition of a tariff causes consumption to _______ and imports to.

Question # 3

A market can accuretaly be described as

Question # 4

If a firm not operating at the output necessary to achieve al scale economies it has not achieved its.

Question # 5

The total multiplier for the economy will reflect.

Question # 6

The opportunity cost of a student is.

Question # 7

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

Question # 8

The firms long run output decision will be where.

Question # 9

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 # 10

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

Question # 11

A reduction in interest rates, causes an increases in the monetary base that result in an_____ in the availability of consumer credit and a _ in the cost of consumer credit.

Question # 12

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

Question # 13

Macro economics is the study of.

Question # 14

In the short run the level of floating exchange rates is determined mainly by.

Question # 15

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

Question # 16

A monopoly may be self perpetuating because profits may be used for

Question # 17

Short run equilibrium output means that aggregate demand _ actual output

Question # 18

Comparing a monopoly and a competitive firm the monopolist will.

Question # 19

All of the following represent obstacles to LDC development except.

Question # 20

When the level of income _______ there will be atendency for the trade balance to improve as imports.

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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 Moral Hazard means that the act of insuring __________ that the desired outcome will occur.
A. Reduces the likelihood
B. Increase the likelihood
C. Guarantees
D. None of the above
2 Short run equilibrium output means that aggregate demand _ actual output
A. is less than
B. equals
C. is greater than
D. fluctuates around
3 The AD schedule indicates that______ inflation is associated with______ output.
A. higher , lower
B. Higher , higher
C. Lower , lower
D. zero ,zero
4 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
5 If desired spending in the economy exceeds income we would expect.
A. House hold to save more
B. Firm to produce less
C. Firms is produce more
D. the MPC to change
6 The primary function of a bank is to.
A. Control the money supply
B. Provide notes and coins for trade
C. Make a profit
D. Provide a chequeen clearing system.
7 In linear consumption function with a positive slope less that on means that if income increase, consumption will.
A. Fall
B. Not change
C. Fluctuate
D. Increase
8 All of the following are types of imperfect competition except
A. Monopolistic competition
B. Oligopoly
C. Monopoly
D. Unfair competition
9 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
10 The abolition of income tax would probably ________ the number of workers in employment and____________ the equilibrium. rate of unemployment.
A. increase ; decrease
B. increase ; increase
C. reduce ; increase
D. reduce ; reduce

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