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

All of the following are parts of the business cycle except.

Question # 2

import substitution is the replacement of ________ by domestic production under the protection of.

Question # 3

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

Question # 4

Except for taxes to offset ___ taxes are.

Question # 5

If as result of householder wish to save more there is a change in equilibrium income and no change in equilibrium saving this as an example of.

Question # 6

In the UK under a _________ of the labour force belong to a trade union.

Question # 7

We cannot say whether one allocation of resources is better than another allocation because.

Question # 8

Adding up the quantities demanded of a good by different people facing the same price gives us the.

Question # 9

A dominant strategy is.

Question # 10

If the income tax rate changes from 30% to 40% on incomes over L 30,000 and a person's income is l 31,000 then her marginal tax rate is.

Question # 11

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

Question # 12

The prisoners Dilemma Game demonstrates that.

Question # 13

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

Question # 14

The multiplier is calculated as.

Question # 15

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

Question # 16

All of the following represent obstacles to LDC development except.

Question # 17

All of the following are types of imperfect competition except

Question # 18

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

Question # 19

When we refer to the hidden economy we mean unrecorded income owing to.

Question # 20

A production technique is technically efficient if.

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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 International difference in opportunity costs lead to countries acquiring.
A. Comparative advantage
B. High exchange rates
C. Trade exchange rates
D. Trade barriers
2 Monetarists believe that a reduction in _____ can be achieved by reducing.
A. Unemployment, prices
B. Inflation, wages
C. Unemployment, wages
D. Inflation, the quantity of nominal money
3 Output fell sharply in the transition economies because.
A. Banks were undoable to function
B. There was little corporate control
C. Vital infrastructure was missing
D. All of the above
4 In the economy when a steel producer sells steel to car producer it is regarded as.
A. A final good
B. An intermediate good
C. an injection
D. a leakage
5 All of the following are type of monetary policy except
A. A nominal money stock target
B. A balances budget
C. An inflation target
D. The pursuit of a target real interest rate
6 In the ERM, each country fixed ___ against each other ERM participant collectively the group._____ against the rest of the world.
A. A nominal exchange rate, floated
B. A real exchange rate, pegged
C. a purchasing power parity, pegged
D. a real exchange rate, floated
7 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.
8 An advocate of the classical model of the economy would claim that unemployment a created when the ___________ is above its equilibrium level in the.
A. Price level, agregate economy
B. Tax rate, government ebudget
C. Wage rate, labour market
D. Interest rate, market for loanable funds
9 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
10 If my neighbor burns garden waste causing my house to fil with smoke this is an example of.
A. A production extremality
B. A second best solution
C. Transaction costs
D. A consumption externality

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