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

  • Total Questions20

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PPSC Economics Topic 11 Assess Your Basics

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Question # 1

Possible causes of involuntary unemployment are

Question # 2

A competitive firms demand curve is.

Question # 3

the Maastricht criteria for entry to the EMU are that applicants should have

Question # 4

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

Question # 5

In the UK mergers can be referred to the competition commission of they create a firm with _______ of the market.

Question # 6

Potential output can be increased by _________ or by_________

Question # 7

Comparing a monopoly and a competitive firm the monopolist will.

Question # 8

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.

Question # 9

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

Question # 10

When real income increases, other things equal we fan expect the demand for real money holdings to.

Question # 11

GDP per head may be an imperfect measure of economic welfare because it excludes.

Question # 12

If my neighbor burns garden waste causing my house to fil with smoke this is an example of.

Question # 13

A current account deficit means that a country may.

Question # 14

When investment is assumed to autonomous the slope of the AD schedule is determined by the.

Question # 15

Firms are assumed to ____ costs and to _______ profit.

Question # 16

LDC's often have a comparative advantage in the production of.

Question # 17

The increase in total cost when one more units is produced is known as.

Question # 18

The long run Philips curve is _________ at the ______

Question # 19

If your income during one year is L 10,000 ad the following year it is L,12,000 then it has grown by

Question # 20

A fall in investment demand can result from

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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 A straight line diagram can be drawn knowing the _______ and _____
A. Vertical axis and horizontal axis
B. Intercept and slope
C. Scale and slope
D. Intercept and scale.
2 If banks and the private sector decide to hold less cash the money multiplier will be.
A. Unchanged
B. Larger
C. Smaller
D. unstable
3 A person who is made redundant because of the contraction of an industry is a victim of.
A. Frictional unemployment
B. Demand deficient unemployment
C. Classical unemployment
D. Structural unemployment
4 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
5 On a graph a positive linear relation ship.
A. Moves down to the right
B. Moves up to the left
C. Moves up to the right
D. Modes down to the left
6 M4 is a _________ measures of money and includes deposits at both _____________ and
A. Narrow, banks, building societies
B. Wide, banks, insurance companies
C. narrow, banks, insurance companies
D. Wide, banks, building societies.
7 International difference in opportunity costs lead to countries acquiring.
A. Comparative advantage
B. High exchange rates
C. Trade exchange rates
D. Trade barriers
8 Firms are assumed to ____ costs and to _______ profit.
A. Incur , desire
B. Pay ; make
C. Change ;earn
D. Minimize ; maximize
9 A tariff causes domestic firms to __________ and consumers to
A. Overproduced, under consume
B. overproduce , overconsume
C. Underproduce, under consume
D. underproduce, overconsume
10 If the central bank buys financial securities in the open market to increase the monetary base, this is an example of.
A. Lender of last resort
B. Financial intermediation
C. Open market operations
D. Financial regulation.

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