PPSC Economics Chapter 11 Assess Your Basics

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PPSC Economics Chapter 11 Assess Your Basics

  • Total Questions20

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PPSC Economics Chapter 11 Assess Your Basics

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Question # 1

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

Question # 2

Possible causes of involuntary unemployment are

Question # 3

If banks and the private sector decide to hold less cash the money multiplier will be.

Question # 4

Short run average total costs are equal to the sum of _______ and______

Question # 5

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

Question # 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.

Question # 7

A competitive firms demand curve is.

Question # 8

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

Question # 9

Real business cycle theorists argue that ___________ can explain short and long term fluctuations in output.

Question # 10

In the short run, the supply of capital is _______ and in the long run iwll depend on.

Question # 11

In the EMU a country's competitiveness can change because of.

Question # 12

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

Question # 13

The multiplier accelerator model assumes _______ depends on.

Question # 14

In Nash equilibrium each player chooses the best strategy.

Question # 15

Perfect price discrimination means that every customer.

Question # 16

Land will be allocated between competing uses so that.

Question # 17

In the classical model, potential output can not be increased by

Question # 18

The short run Philips curve can shift in response to changes in

Question # 19

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

Question # 20

LDC's often have a comparative advantage in the production of.

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