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

If a country has a burden of debt it cannot sustain it can.

Question # 2

Extremality's arise because there is a divergence between ____ and _

Question # 3

A dominant strategy is.

Question # 4

A monopoly may be self perpetuating because profits may be used for

Question # 5

Land will be allocated between competing uses so that.

Question # 6

The retail price index is used to.

Question # 7

Starting from a position of internal and external balance a reduction in aggregate demand will cause a current account.

Question # 8

GDP per head may be an imperfect measure of economic welfare because it excludes.

Question # 9

All of the following represent obstacles to LDC development except.

Question # 10

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

Question # 11

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

Question # 12

Moral Hazard means that the act of insuring __________ that the desired outcome will occur.

Question # 13

The key issues of macroeconomics are

Question # 14

Positive cross elasticities suggest that goods are ______ and negative cross elasticities that goods are.

Question # 15

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

Question # 16

If one country, with floating exchange states, has higher inflation than its competitors, we would expect its exchange rate to.

Question # 17

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

Question # 18

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

Question # 19

Human capital can be described as.

Question # 20

If your income doubles and the prices of the goods you buy double, then your demand for these goods will likely

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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 A rise in the real exchange rate will __ the competitiveness of the domestic economy.
A. Increase
B. reduce
C. do nothing do
D. all of these
2 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
3 If a person thinks they are better off after a 10% wage increase, and all prices have risen 10%, then they are experiencing.
A. Inflation
B. A supply shocks
C. Crowding out
D. Inflation illusion
4 Perfect international capital mobility suggests that international funds will be responsive to _______ differentials.
A. Current account
B. Interest rate
C. Tax
D. Price
5 Skilled labour is relatively scarce because.
A. There are too few teachers
B. Too few student places in higher education
C. It is costly to acquire human capital
D. Teachers salaries are too low
6 Government may contribute to inflationary pressure on account of building up large.
A. Numbers of employees
B. Welfare plans
C. Budget deficits
D. Expenditure.
7 A natural monopoly has a declining ________ over a large range of output.
A. Long run marginal cost
B. Short run marginal cost
C. Long run average cost
D. Long run marginal cost
8 Comparing a monopoly and a competitive firm the monopolist will.
A. Produce less at a lower price
B. Produce more at a lower price
C. Produce less at a higher price
D. Produce less at a lower price
9 The retail price index is used to.
A. Construct price lists
B. Compare shop prices
C. Measure changes in the cost of living
D. None of the above
10 Efficiency wages are_______ that raise
A. Low wages , employment
B. High wages, labor supply
C. High wages, productivity
D. High wages, employment

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