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

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

Question # 2

If some body is prepared to work at the going wage rate but cannot find work than they are victims of.

Question # 3

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

Question # 4

If a long average cost rises, output rises from left to right this is an example of.

Question # 5

A rise in the real exchange rate will __ the competitiveness of the domestic economy.

Question # 6

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

Question # 7

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

Question # 8

The firms long run output decision will be where.

Question # 9

A market can accuretaly be described as

Question # 10

The participation rate in the labour force is affected by

Question # 11

Potential output can be increased by _________ or by_________

Question # 12

All of the following are types of imperfect competition except

Question # 13

A person who is made redundant because of the contraction of an industry is a victim of.

Question # 14

On a graph a positive linear relation ship.

Question # 15

If both Marginal cost and marginal revenue increase, a firm.

Question # 16

Marginal revenue is the ________ when output is.

Question # 17

The value of an asset depends upon

Question # 18

A reduction in interest rates, causes an increases in the monetary base that result in an_____ in the availability of consumer credit and a _ in the cost of consumer credit.

Question # 19

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

Question # 20

A dominant strategy is.

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