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

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

Question # 2

All of the following are benefits of the single market except.

Question # 3

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

Question # 4

Top footballers land to earn more than lecturers because.

Question # 5

If some body is prepared to work at the going wage rate but cannot find work than they are victims of.

Question # 6

A tariff causes domestic firms to __________ and consumers to

Question # 7

All of the following are types of imperfect competition except

Question # 8

Except for taxes to offset ___ taxes are.

Question # 9

Real GNP measures income

Question # 10

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

Question # 11

The cost of using capital services is the

Question # 12

Economic transition involves high inflation because ______ and _____

Question # 13

The value of an asset depends upon

Question # 14

If a person thinks they are better off after a 10% wage increase, and all prices have risen 10%, then they are experiencing.

Question # 15

If I keep some money available in case I see a bargain this is an example of.

Question # 16

The costs of inflation are

Question # 17

Taxes create a wedge between the sales price and purchase price that prevents the price system equaling _________ and

Question # 18

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

Question # 19

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

Question # 20

Marginal revenue is the ________ when output is.

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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 Efficiency wages are_______ that raise
A. Low wages , employment
B. High wages, labor supply
C. High wages, productivity
D. High wages, employment
2 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
3 If banks and the private sector decide to hold less cash the money multiplier will be.
A. Unchanged
B. Larger
C. Smaller
D. unstable
4 Taxes create a wedge between the sales price and purchase price that prevents the price system equaling _________ and
A. Marginal costs, marginal benefits
B. Demand, supply
C. Marginal cost, marginal revenue
D. Marginal cost, average cost
5 Real business cycle theories suggest that _____ to correct departures from the desired growth path.
A. There is a role of fiscal policy
B. There is a role for monetary policy
C. There is a role for supply side policies
D. There is no case for stabilizing output over the business cycle.
6 In the circular flow we would expect leakages to __________ injections.
A. equal
B. be less than
C. by greater than
D. Be less or greater than
7 If a price increase of good A increases the quantity demanded of good B, then good B is a.
A. substitute good
B. Complementary good
C. Bargain
D. Interior good
8 The value of an asset depends upon
A. Its scrap value
B. Its depreciation
C. The present value of the failure stream of income it can earn.
D. the cost of loans
9 Starting from a position of internal and external balance a reduction in aggregate demand will cause a current account.
A. Deficit
B. Surplus
C. Revaluation
D. Devaluation
10 Higher export demand _______ output and a higher MPZ______ output..
A. Reduces, reduces
B. Reduces, increases
C. Increases, reduces
D. increases, increases

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