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

The theory that explains business cycles by the dynamic interaction of consumption and investment demand is the.

Question # 2

When we know the quantity of a product that buyers wish to purchases at each possible price we know.

Question # 3

When investment is assumed to autonomous the slope of the AD schedule is determined by the.

Question # 4

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

Question # 5

The neoclassical theory of growth identities the steady state rate of growth as the _________ just sufficient to keep _______ constant while labour grows.

Question # 6

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

Question # 7

If British Residents want more French francs to purchases more fresh wine, other things equal than the equilibrium value of the pound against the French farce will.

Question # 8

All of the following represent obstacles to LDC development except.

Question # 9

The cost of using capital services is the

Question # 10

A reduction in interest rates, causes an increases in the monetary base that result in an_____ in the availability of consumer credit and a _ in the cost of consumer credit.

Question # 11

Aggregate demand without a foreign sector is the sum of.

Question # 12

When the S/L exchange rate rises the pounds______ and whent he S/L rate falls the pounds.

Question # 13

The short run marginal cost curve cuts the short run total cost curve and short run average variable cost curve.

Question # 14

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

Question # 15

Holding all factors constant except one and increasing a variable factor is expected to lead to steadily decreasing marginal product of the factor this is an example of.

Question # 16

The abolition of income tax would probably ________ the number of workers in employment and____________ the equilibrium. rate of unemployment.

Question # 17

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

Question # 18

The imposition of a tariff causes consumption to _______ and imports to.

Question # 19

The long run Philips curve is _________ at the ______

Question # 20

The opportunity cost of acquiring education is.

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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 Firms are assumed to ____ costs and to _______ profit.
A. Incur , desire
B. Pay ; make
C. Change ;earn
D. Minimize ; maximize
2 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
3 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
4 We would normally expect the size of the labour force to be ____ than the number of workers willing to accept job offers at any real wage rate.
A. Smaller
B. Larger
C. the same size
D. None of these
5 A supply curve is directly affected by
A. Technology
B. Input costs
C.
Government regulation
D. All of the above
6 The main cause of different relative costs between countries are.
A. Relative factors competition
B. Relative factor mobility
C. Relative factor substitution
D. Relative factor endowments
7 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
8 Top footballers land to earn more than lecturers because.
A. Footballers give more entertainment
B. Lecturers are lazy
C. The labour markets are imperfect
D. Top footballers are relatively scarce in relation to lecturers
9 If the diagram of a line shows that lower values on the vertical scale are associated with higher values on the horizontal scale this is an example of.
A. a nonlinear relationship
B. A positive linear relationship
C. A scatter diagram
D. A negative linear relationship
10 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

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