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 costs of inflation are

Question # 2

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

Question # 3

The opportunity cost of acquiring education is.

Question # 4

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

Question # 5

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

Question # 6

The business cycle describes fluctuations in output around the.

Question # 7

A straight line diagram can be drawn knowing the _______ and _____

Question # 8

In the UK mergers can be referred to the competition commission of they create a firm with _______ of the market.

Question # 9

The business cycle is not transmitted from one country to another through.

Question # 10

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

Question # 11

Economic transition involves high inflation because ______ and _____

Question # 12

The increase in total cost when one more units is produced is known as.

Question # 13

A current account deficit means that a country may.

Question # 14

A rise in the real exchange rate will __ the competitiveness of the domestic economy.

Question # 15

If some body is prepared to work at the going wage rate but cannot find work than they are victims of.

Question # 16

When the level of income _______ there will be atendency for the trade balance to improve as imports.

Question # 17

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 # 18

An advocate of the classical model of the economy would claim that unemployment a created when the ___________ is above its equilibrium level in the.

Question # 19

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

Question # 20

The opportunity cost of a good 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 Real business cycle theories suggest that _____ to correct departures from the desired growth path.
A. There is a role of fiscal policy
B. There is a role for monetary policy
C. There is a role for supply side policies
D. There is no case for stabilizing output over the business cycle.
2 The single European Act committed_ governments to a ___ in 1992
A. European union, single market
B. Western European, single currency area
C. European union, single currency area
D. Western European, single market
3 A good example of a public good is.
A. Public transport
B. National defense
C. The national health service
D. Rail transport
4 Human capital can be described as.
A. The tools used by workers to entrances productivity
B. a persons inherited abilities.
C. The stock of expertise accumulated by a worker
D. Education
5 The key issues of macroeconomics are
A. Unemployment
B. Inflation
C. Economic growth
D. All of the above
6 the Maastricht criteria for entry to the EMU are that applicants should have
A. Low inflation
B. Low interest rates
C. Stable nominal exchange rate
D. All of the above
7 In linear consumption function with a positive slope less that on means that if income increase, consumption will.
A. Fall
B. Not change
C. Fluctuate
D. Increase
8 import substitution is the replacement of ________ by domestic production under the protection of.
A. exports, subsidies
B. Exports, patents
C. imports, high tariffs or import quotes
D. Imports, subsidies
9 In a fixed exchange rate regime, the central bank will intervene by __ pounds to ______ the exchange rate.
A. Selling, increase
B. buying , increase
C. selling, reduce
D. both b and c
10 A current account deficit means that a country may.
A. Reduce its stock of foreign assets
B. Increases its stock of foreign assets
C. Increases its savings
D. Increases its foreign currency reserves.

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