PPSC Economics Topic 11 Assess Your Basics MCQS

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PPSC Economics Chapter 11 Important MCQ's

Sr.#	Question	Answer
1	When the S/L exchange rate rises the pounds______ and whent he S/L rate falls the pounds.	A. depreciates, appreciates B. revalues, devalues C. appreciates, deprecates D. becomes more expensive, becomes cheaper
2	If a person thinks they are better off after a 10% wage increase, and all prices have risen 10%, then they are experiencing.	A. Inflation B. A supply shocks C. Crowding out D. Inflation illusion
3	The most important source of wage differentiate are.	A. Reginal variation B. Unionization C. Relative danger D. Skills
4	The Philips curve shows the trade off between ________ and _____	A. The inflation rate, interest rates B. The inflation rate, the unemployment rate C. interest rates, output D. Output, employment
5	A natural monopoly has a declining ________ over a large range of output.	A. Long run marginal cost B. Short run marginal cost C. Long run average cost D. Long run marginal cost
6	In the UK mergers can be referred to the competition commission of they create a firm with _______ of the market.	A. 15% B. 20% C. 25% D. 30%
7	If some body is prepared to work at the going wage rate but cannot find work than they are victims of.	A. Voluntary unemployment B. Classical unemployment C. Frictional unemployment. D. All of the above
8	The prisoners Dilemma Game demonstrates that.	A. Players are better off to act independently B. Monopoly is better than competition C. People will always cheat D. Players are better off if they con operate
9	Polices to reduce unemployment by reducing union power tax cut reduction is unemployment benefit and investment. subsidies are examples of.	A. Keynesian polices B. Supply side policies C. Monetarist policies D. Classical policies
10	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

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PPSC Economics Topic 11 MCQS Test Preparation

MCQ's Test For PPSC Economics Topic 11 Assess Your Basics

PPSC Economics Topic 11 Assess Your Basics

A competitive firms demand curve is.

Extremality's arise because there is a divergence between ____ and _

By restricting labour supply a trade union can _________ and_______

International difference in opportunity costs lead to countries acquiring.

An allocation is Pareto efficient if no reallocation of resources would make some people_______ whiteout making others

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

In the event of an increase in the international price of oil that encouraged the central bank to accept lower real interest rates, inflation would most likely.

Firms are assumed to ____ costs and to _______ profit.

The key issues of macroeconomics are

Top footballers land to earn more than lecturers because.

All of the following are types of imperfect competition except

The opportunity cost of a student is.

Macro economics is the study of.

The participation rate in the labour force is affected by

A market can accuretaly be described as

Polices to reduce unemployment by reducing union power tax cut reduction is unemployment benefit and investment. subsidies are examples of.

For perfect competition ot work there must be

During periods of rising inflation and rising interest rates we expect the demand for real cash to.

The costs of inflation are

A person who is made redundant because of the contraction of an industry is a victim of.

Prepare Complete Set Wise PPSC Economics Topic 11 Assess Your Basics MCQs Online With Answers

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Set 11

Topic Test

PPSC Economics Chapter 11 Test

Top Scorers Of PPSC Economics Topic 11 Assess Your Basics MCQ`s Test

PPSC Economics Chapter 11 Important MCQ's

Test Questions

Share your comments & questions here

By restricting labour supply a trade union can ___ and_

Firms are assumed to costs and to ___ profit.