PPSC Economics Topic 11 MCQS Test Preparation

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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

At the intersection of AD and AS equilibrium is achieved in.

Question # 2

Economic growth may depend upon __________ and_________

Question # 3

A fall in investment demand can result from

Question # 4

The firms long run output decision will be where.

Question # 5

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

Question # 6

If the MPC is 0.5 the multiplier is

Question # 7

Micro economics is conceded with

Question # 8

Starting from a balanced budget, for a given tax rate an increase in income will cause the government budget to.

Question # 9

The Philips curve shows the trade off between ________ and _____

Question # 10

In Nash equilibrium each player chooses the best strategy.

Question # 11

The AD schedule indicates that______ inflation is associated with______ output.

Question # 12

A tariff causes domestic firms to __________ and consumers to

Question # 13

Injection into the circular flow are _________ and _______

Question # 14

The opportunity cost of a good is.

Question # 15

The quantity theory of money says that changes in ______ lead to equivalent changes in ______ but have no effect on.

Question # 16

In the neoclassical theory of growth a higher saving rate leads to.

Question # 17

Taxes create a wedge between the sales price and purchase price that prevents the price system equaling _________ and

Question # 18

The prisoners Dilemma Game demonstrates that.

Question # 19

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

Question # 20

If my neighbor burns garden waste causing my house to fil with smoke this is an example of.

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Economics
11th Chapter

PPSC Economics Chapter 11 Test

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PPSC Economics Chapter 11 Important MCQ's

Sr.# Question Answer
1 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
2 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
3 The business cycle is not transmitted from one country to another through.
A. Private sector imports and exports
B. Economic policy
C. The duration of compulsory education
D. Labour supply changes
4 The AD schedule indicates that______ inflation is associated with______ output.
A. higher , lower
B. Higher , higher
C. Lower , lower
D. zero ,zero
5 An optimal tariff is one which reduces imports to the level at which ___ equals
A. imports , exports
B. The balance of trade, zero
C. The demand for currency, the supply of currency
D. Social marginal cost social marginal benefit
6 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
7 All of the following represent obstacles to LDC development except.
A. Resource scarcity
B. Low level of investment
C. Low population
D. Poor infrastructure
8 When investment is assumed to autonomous the slope of the AD schedule is determined by the.
A. Marginal propensity to invest.
B. disposable income
C. Marginal propensity to consume
D. Average properisity to consume
9 A fall in investment demand can result from
A. Higher interest rates
B. Lower expected future profits
C. More expensive capital goods
D. All of the above
10 Satellite television subscription and television detection devices are ways in which broadcasting companies address the _____ problem.
A. Externality
B. Market imperfection
C. Deadweight burden
D. Free rider

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