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

Economics is the study of

Question # 2

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.

Question # 3

All of the following represent obstacles to LDC development except.

Question # 4

During periods of rising inflation and rising interest rates we expect the demand for real cash to.

Question # 5

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

Question # 6

Bank create money by

Question # 7

By restricting labour supply a trade union can _________ and_______

Question # 8

Marginal revenue is the ________ when output is.

Question # 9

A firm that breaks even after all economic costs are paid is earning.

Question # 10

Real GNP is a crude measure of national welfare because it excludes.

Question # 11

The equilibrium price clears the market it is the price at which.

Question # 12

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

Question # 13

A fall in investment demand can result from

Question # 14

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

Question # 15

A person who is made redundant because of the contraction of an industry is a victim of.

Question # 16

International difference in opportunity costs lead to countries acquiring.

Question # 17

M4 is a _________ measures of money and includes deposits at both _____________ and

Question # 18

In an open economy leakages to imports ______ the value of the multiplier.

Question # 19

Efficiency wages are_______ that raise

Question # 20

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

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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 Land will be allocated between competing uses so that.
A. Housing gets priority
B. Industry gets priority
C. Faming gets priority
D. The equilibrium rental rate equilibrium total demand with supply
2 Perfect international capital mobility suggests that international funds will be responsive to _______ differentials.
A. Current account
B. Interest rate
C. Tax
D. Price
3 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
4 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.
5 Micro economics is conceded with
A. The economy as a whole
B. The electronics industry
C. The study of individual economic behavior
D. the interactions within the entire economy
6 If a long average cost rises, output rises from left to right this is an example of.
A. Increasing returns to scale
B. Decreasing returns to scale.
C. Constant returns to scale
D. the minimum efficient scale
7 When we know the quantity of a product that buyers wish to purchases at each possible price we know.
A. Demand
B. Supply
C. excess demand
D. Excess supply
8 The real value can be derived from a nominal value by
A. Adjusting changes over time
B. Adjusting for data collection errors
C. Adjusting for population changes
D. Adjusting for changes in prices
9 If as result of householder wish to save more there is a change in equilibrium income and no change in equilibrium saving this as an example of.
A. Market imperfection
B. The law of diminishing returns
C. The paradox of thriff
D. Market failure
10 With fixed exchange rates and no private currency flow, when the central bank buys domestic currency the domestic money supply is.
A. Increased
B. Unaffected
C. Reduced
D. All of the above

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