PPSC Economics Topic 11 Assess Your Basics

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  • Chapter NameAssess your Basis

PPSC Economics Topic 11 Assess Your Basics

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PPSC Economics Topic 11 Assess Your Basics

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Question # 1

An optimal tariff is one which reduces imports to the level at which ___ equals

Question # 2

Real business cycle are cycles in

Question # 3

The value of an asset depends upon

Question # 4

If your income during one year is L 10,000 ad the following year it is L,12,000 then it has grown by

Question # 5

In the UK mergers can be referred to the competition commission of they create a firm with _______ of the market.

Question # 6

On a graph a positive linear relation ship.

Question # 7

Firms are assumed to ____ costs and to _______ profit.

Question # 8

All of the following are type of monetary policy except

Question # 9

Bank create money by

Question # 10

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

Question # 11

Economics assumes that people consume goods and services to achieve.

Question # 12

With fixed exchange rates and no private currency flow, when the central bank buys domestic currency the domestic money supply is.

Question # 13

In the ERM, each country fixed ___ against each other ERM participant collectively the group._____ against the rest of the world.

Question # 14

The long run Philips curve is _________ at the ______

Question # 15

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

Question # 16

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

Question # 17

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

Question # 18

In a free market

Question # 19

In the circular flow we would expect leakages to __________ injections.

Question # 20

A market can accuretaly be described as

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