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

Economic growth may depend upon __________ and_________

Question # 2

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

Question # 3

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

Question # 4

The allocation of resources is not efficient it

Question # 5

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

Question # 6

A current account deficit means that a country may.

Question # 7

If your income during one year is L 10,000 ad the following year it is L,12,000 then it has grown by

Question # 8

A natural monopoly has a declining ________ over a large range of output.

Question # 9

The long run Philips curve is _________ at the ______

Question # 10

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

Question # 11

Aggregate demand in an economy trading internationally with a government sector can be written s.

Question # 12

For a competitive firm its short run supply curve is ________ and its long run supply curve is.

Question # 13

If both Marginal cost and marginal revenue increase, a firm.

Question # 14

Perfect international capital mobility suggests that international funds will be responsive to _______ differentials.

Question # 15

Micro economics is conceded with

Question # 16

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

Question # 17

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

Question # 18

Efficiency wages are_______ that raise

Question # 19

In a fixed exchange rate regime, the central bank will intervene by __ pounds to ______ the exchange rate.

Question # 20

If demand is _______ then price cuts will ________ spending.

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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 Nominal GNP measures income
A. At the present time
B. Corrected for tax changes
C. Corrected for changes in interest rates
D. At current prices
2 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
3 Economic growth may depend upon __________ and_________
A.
Population size , x -efficiency
B. Population age distribution, education
C. Population growth, education
D. Population growth, technical progress
4 A dominant strategy is.
A. A winning strategy
B. A losing strategy
C. A players best strategy when moving fist
D. a player's best strategy whatever the strategies adopted by rivals
5 All of the following are types of imperfect competition except
A. Monopolistic competition
B. Oligopoly
C. Monopoly
D. Unfair competition
6 If the MPC is 0.5 the multiplier is
A. 2
B. 1/2
C. 0.2
D. 20
7 A straight line diagram can be drawn knowing the _______ and _____
A. Vertical axis and horizontal axis
B. Intercept and slope
C. Scale and slope
D. Intercept and scale.
8 Fiscal policy is weak under floating exchange rates as fiscal expansion.
A. Crowds out imports
B. Crowds out public consumption
C. Crowds out exports
D. Reduces the budget deficit
9 Economic transition involves high inflation because ______ and _____
A. High monetary growth, high wages.
B. High budget deficits, devaluation
C. High monetary growth, devaluation
D. Prices surge from an artificially low level to their equilibrium level the inflation tax is required as source of government revenue.
10 If desired spending in the economy exceeds income we would expect.
A. House hold to save more
B. Firm to produce less
C. Firms is produce more
D. the MPC to change

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