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

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Question # 1

The business cycle is not transmitted from one country to another through.

Question # 2

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

Question # 3

Bank create money by

Question # 4

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

Question # 5

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

Question # 6

All of the following are type of monetary policy except

Question # 7

The Philips curve shows the trade off between ________ and _____

Question # 8

The growth rate of economics tend to converge because._________ is easier when capital per worker is low and because of_____

Question # 9

A fixed exchange rate, plus perfect capital mobility _______ the scope for monetary policy.

Question # 10

A competitive equilibrium is Pareto efficient because.

Question # 11

Economics assumes that people consume goods and services to achieve.

Question # 12

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

Question # 13

The value of an asset depends upon

Question # 14

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

Question # 15

In a fixed exchange rate regime, the central bank will intervene by __ pounds to ______ the exchange rate.

Question # 16

Possible causes of involuntary unemployment are

Question # 17

In the absence of international capital controls, central banks set ______ to provide the correct incentive for speculators

Question # 18

The retail price index is used to.

Question # 19

Economic transition involves high inflation because ______ and _____

Question # 20

The level of the equilibrium exchange rate offsets international difference in.

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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 The AD schedule indicates that______ inflation is associated with______ output.
A. higher , lower
B. Higher , higher
C. Lower , lower
D. zero ,zero
2 The equilibrium price clears the market it is the price at which.
A. Everything is sold
B. Buyers spend all their money
C. Excess demand is zero
D. c and d
3 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
4 Real GNP is a crude measure of national welfare because it excludes.
A. Consumption
B. Investment
C. Export's
D. work in the home
5 The opportunity cost of a student is.
A. Course fees and rent
B. A loan from the bank
C. What the student could have earned in the best job available by not studying.
D. What the student will earn after graduation.
6 Real business cycle theorists argue that ___________ can explain short and long term fluctuations in output.
A. Imperfect labour markets
B. Rational expectations
C. Intertemporal decisions of households firms and government.
D. Sun spot cycles
7 The cost of using capital services is the
A. wage rate of capital
B. Interest charges
C. Marginal capital cost
D. Rental rate for capital
8 The theory that explains business cycles by the dynamic interaction of consumption and investment demand is the.
A. Sun spect theory
B. Multiplier accelerator model
C. Solow theory
D. New classical theory
9 Firms are assumed to ____ costs and to _______ profit.
A. Incur , desire
B. Pay ; make
C. Change ;earn
D. Minimize ; maximize
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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