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

Monetarists believe that a reduction in _____ can be achieved by reducing.

Question # 2

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

Question # 3

The value of an asset depends upon

Question # 4

Positive cross elasticities suggest that goods are ______ and negative cross elasticities that goods are.

Question # 5

The equilibrium inflation rate is determine by the intersection of __________ and ___

Question # 6

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

Question # 7

The most important source of wage differentiate are.

Question # 8

Land will be allocated between competing uses so that.

Question # 9

International difference in opportunity costs lead to countries acquiring.

Question # 10

If I keep some money available in case I see a bargain this is an example of.

Question # 11

The effect of a tax to offset a negative eternality will be to ________ price and ____ quantity.

Question # 12

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

Question # 13

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

Question # 14

Real business cycle theories suggest that _____ to correct departures from the desired growth path.

Question # 15

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

Question # 16

The long run Philips curve is _________ at the ______

Question # 17

When real income increases, other things equal we fan expect the demand for real money holdings to.

Question # 18

A market can accuretaly be described as

Question # 19

Injection into the circular flow are _________ and _______

Question # 20

Government may contribute to inflationary pressure on account of building up large.

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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 Injection into the circular flow are _________ and _______
A. Consumption, investment, exports
B. Investment exports, transfer payments
C. Investment government expenditure, exports.
D. Taxes, exports, transfer payments.
2 The impossibility of negative gross investment provides a______ to fluctuations in.
A. Celling, stock building
B. Celling, capital prices
C. floor , output
D. floor , the capital output ratio
3 Bank create money by
A. Printing it
B. Issuing debit cards
C. Accepting chequeens
D. Lending out part of their deposits
4 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
5 If the consumption of a good by one person does not reduce the quantity available by other and nobody cna be easily excluded from consumption, we are referring to a.
A. Private good
B. Merit good
C. Public good
D. Abundant good
6 The total multiplier for the economy will reflect.
A. MPC and MPT
B. MPT and MPZ
C. MPC and MPZ
D. MPC, MPT and MPZ
7 The opportunity cost of acquiring education is.
A. Course fees
B. Course fees and living expenses
C. The earning foregone
D. Course fees, living expenses and textbooks
8 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
9 In Nash equilibrium each player chooses the best strategy.
A. Assuming other players move first.
B. Dominated by the other players
C. Given the strategies of other players
D. That is a credible threat
10 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.

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