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

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

Question # 2

A fall in investment demand can result from

Question # 3

In the economy when a steel producer sells steel to car producer it is regarded as.

Question # 4

Economic growth may depend upon __________ and_________

Question # 5

When capital mobility is perfect, interest rate differentials will tend to be offset by

Question # 6

Land will be allocated between competing uses so that.

Question # 7

A competitive firm produces a level of output at which.

Question # 8

A current account deficit means that a country may.

Question # 9

Normative economics form ______ based on.

Question # 10

If demand is _______ then price cuts will ________ spending.

Question # 11

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

Question # 12

The key issues of macroeconomics are

Question # 13

The costs of inflation are

Question # 14

A supply curve is directly affected by

Question # 15

Market some times fall to exist because of.

Question # 16

A production technique is technically efficient if.

Question # 17

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

Question # 18

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 # 19

Economics assumes that people consume goods and services to achieve.

Question # 20

Micro economics is conceded with

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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 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
2 All of the following represent obstacles to LDC development except.
A. Resource scarcity
B. Low level of investment
C. Low population
D. Poor infrastructure
3 Real GNP measures income
A. Including non market activities
B. Adjusted for inflation
C. Including externalities
D. Including tax evasion
4 Real business cycle are cycles in
A. Potential output
B. Actual output
C. Real output
D. International trade
5 The extra utility from consuming one more unit of a good is called.
A. Marginal utility
B. Additional utility
C. surplus utility
D. Bonus utility
6 Within circular flow of income, an increase in domestic income iwll lend to increase.
A. Exports
B. Taxes
C. Inventories
D. Imports
7 Potential output can be increased by _________ or by_________
A. Increasing the use of labour, increasing the use of land
B. Increasing the use of capital, increasing the use of labour
C. Increasing the use of land, increasing the use of capital
D. Increasing the use of all inputs technical advances
8 Efficiency wages are_______ that raise
A. Low wages , employment
B. High wages, labor supply
C. High wages, productivity
D. High wages, employment
9 The quantity theory of money says that changes in ______ lead to equivalent changes in ______ but have no effect on.
A. Prices, wages, output and employment.
B. Output, prices, employment
C. Nominal money, the price level output and employment.
D. Nominal money output prices
10 The level of the equilibrium exchange rate offsets international difference in.
A. Comparative advantage
B. Absolute advantage
C. Opportunity cost
D. Relative costs

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