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

The multiplier tells us how much __________ chagnes after a shift in.

Question # 2

Except for taxes to offset ___ taxes are.

Question # 3

A supply curve is directly affected by

Question # 4

Aggregate demand without a foreign sector is the sum of.

Question # 5

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

Question # 6

If goods are exported for less than society's marginal production cost and the marginal benefit to domestic consumers, it is likely that they benefit from.

Question # 7

All of the following are types of imperfect competition except

Question # 8

If a firm not operating at the output necessary to achieve al scale economies it has not achieved its.

Question # 9

An increase in consumer income will increase demand for a __________ for decrease demand for a.

Question # 10

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

Question # 11

Land will be allocated between competing uses so that.

Question # 12

If two firms doing the same thing in the same industry join together this is known as a.

Question # 13

On a graph a positive linear relation ship.

Question # 14

Bank create money by

Question # 15

For given government spending and taxation the government budget deficit will grow in __________ and decline in _________

Question # 16

The multiplier is calculated as.

Question # 17

Satellite television subscription and television detection devices are ways in which broadcasting companies address the _____ problem.

Question # 18

By restricting labour supply a trade union can _________ and_______

Question # 19

With fixed exchange rates and no private currency flow, when the central bank buys domestic currency the domestic money supply is.

Question # 20

Fiscal policy is weak under floating exchange rates as fiscal expansion.

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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 effect of a tax to offset a negative eternality will be to ________ price and ____ quantity.
A. Reduce, reduce
B. increase, increase
C. Increase , reduce
D. reduce, increase
2 If I keep some money available in case I see a bargain this is an example of.
A. Asset demand for money
B. Transactions demand for money
C. Token demand for money
D. Precautionary demand for money
3 The AD schedule indicates that______ inflation is associated with______ output.
A. higher , lower
B. Higher , higher
C. Lower , lower
D. zero ,zero
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 The long run Philips curve is _________ at the ______
A. Horizontal natural rate of inflation
B. Horizontal , natural rate of unemployment
C. Vertical , natural rte of inflation
D. Vertical , equilibrium rate of unemployment.
6 Efficiency wages are_______ that raise
A. Low wages , employment
B. High wages, labor supply
C. High wages, productivity
D. High wages, employment
7 If one country, with floating exchange states, has higher inflation than its competitors, we would expect its exchange rate to.
A. Appreciate
B. Depreciate
C. Revalue
D. be in short supply
8 Normative economics form ______ based on.
A. Positive statements facts
B. Opinions, personal values
C. Positive statements values
D. Opinions facts
9 The increase in total cost when one more units is produced is known as.
A. Marginal cost
B. Opportunity cost
C. Limited cost
D. Average cost
10 In the EMU a country's competitiveness can change because of.
A. Interest rate adjustment
B. Central bank intervention i the forex
C. Domestic wage and price adjustment
D. Devaluations

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