PPSC Economics Topic 11 Assess Your Basics

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  • Chapter NameAssess your Basis

PPSC Economics Topic 11 Assess Your Basics

  • Total Questions20

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PPSC Economics Topic 11 Assess Your Basics

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Question # 1

the Maastricht criteria for entry to the EMU are that applicants should have

Question # 2

The Keynesian model is a good guide to ______ behavior and the classical model describes behavior in.

Question # 3

Efficiency wages are_______ that raise

Question # 4

If the income tax rate changes from 30% to 40% on incomes over L 30,000 and a person's income is l 31,000 then her marginal tax rate is.

Question # 5

If a firm not operating at the output necessary to achieve al scale economies it has not achieved its.

Question # 6

Output fell sharply in the transition economies because.

Question # 7

The multiplier is calculated as.

Question # 8

The key issues of macroeconomics are

Question # 9

The primary function of a bank is to.

Question # 10

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 # 11

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

Question # 12

The impossibility of negative gross investment provides a______ to fluctuations in.

Question # 13

Economic transition involves high inflation because ______ and _____

Question # 14

On a graph a positive linear relation ship.

Question # 15

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

Question # 16

Nominal GNP measures income

Question # 17

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

Question # 18

Bank create money by

Question # 19

The participation rate in the labour force is affected by

Question # 20

A good example of a public good is.

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