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

Question # 2

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

Question # 3

A profit maximizing firm will hire labor until _______ equal the

Question # 4

In linear consumption function with a positive slope less that on means that if income increase, consumption will.

Question # 5

If banks and the private sector decide to hold less cash the money multiplier will be.

Question # 6

A tariff causes domestic firms to __________ and consumers to

Question # 7

In an economy, measuring total value (1) added, total value(2) spending on final goods and 3 total factor earning gives the result that.

Question # 8

If the government increase spending and raises taxes by just enough to finance the increase it will.

Question # 9

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

Question # 10

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

Question # 11

The total multiplier for the economy will reflect.

Question # 12

If a long average cost rises, output rises from left to right this is an example of.

Question # 13

The theory that explains business cycles by the dynamic interaction of consumption and investment demand is the.

Question # 14

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

Question # 15

Expansionary fiscal policy in the classical model will cause aggregate demand to ______ potential output.

Question # 16

A market can accuretaly be described as

Question # 17

Starting from a balanced budget, for a given tax rate an increase in income will cause the government budget to.

Question # 18

The real value can be derived from a nominal value by

Question # 19

By restricting labour supply a trade union can _________ and_______

Question # 20

Real business cycle are cycles 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 If the diagram of a line shows that lower values on the vertical scale are associated with higher values on the horizontal scale this is an example of.
A. a nonlinear relationship
B. A positive linear relationship
C. A scatter diagram
D. A negative linear relationship
2 The neoclassical theory of growth identities the steady state rate of growth as the _________ just sufficient to keep _______ constant while labour grows.
A. Saving investment
B. Capital per person productivity
C. Labour growth , output
D. Investment capital per person
3 In a competitive industry each buyer and seller.
A. Is a price taker
B. Produce different products
C. Believes that can influence price
D. Prevents the entry of competitors
4 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
5 For perfect competition ot work there must be
A. Many buyers and sellers
B. A standard product
C. Free entry and exit
D. All of the above
6 Except for taxes to offset ___ taxes are.
A. Imperfect competition , popular
B. Extremality's, distortionary
C. Inequality, a first best option
D. Poor health, unnecessary
7 In a fixed exchange rate regime, the central bank will intervene by __ pounds to ______ the exchange rate.
A. Selling, increase
B. buying , increase
C. selling, reduce
D. both b and c
8 All of the following are types of imperfect competition except
A. Monopolistic competition
B. Oligopoly
C. Monopoly
D. Unfair competition
9 Expansionary fiscal policy in the classical model will cause aggregate demand to ______ potential output.
A. Exceed
B. Fall below
C. Fluclaute around
D. Remain equal to.
10 A market can accuretaly be described as
A. A place to buy things
B. a place to sell things
C. The process by which prices adjust to reconcile the allocation of resources
D. a place where buyers and sellers meet.

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