PPSC Economics Topic 5 MCQS Test Preparation

Candidates who have done their higher education in the Economics subject and are looking to start their career through PPSC, here we come with the best preparation solution for them. We come with the online PPSC economics tests. These tests are designed by professionals who are familiar with the idea that how examiners arrange the paper for PPSC. Candidates can get a full book test as well as the Topic-wise tests. However, here on this page, the PPSC economics online test of Topic 5th is available.

MCQ's Test For PPSC Economics Topic 5 International Economics

Try The MCQ's Test For PPSC Economics Topic 5 International Economics

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PPSC Economics Topic 5 International Economics

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Question # 1

In balance of payments accounting tourism and travel are classified in the

Question # 2

To help developing nations strengthen their international competitive rises many industrial nations have granted non nations udder the .

Question # 3

Those who argue in favor of import protection generally give the impression that such restricted trade will.

Question # 4

currency speculation is__________ if speculators bet against market forces that cause exchange fluctuations, thus moderating such fluctuations.

Question # 5

The earliest statement of the principle of comparative advantage in associated with

Question # 6

According to the factor price equalization theorem, the ______ factor should oppose free trade policies in any given country.

Question # 7

A country that is a net international debtor initially experiences a.

Question # 8

The balance of trade can only worsen if income_______ relative to absorption

Question # 9

The relationship between the exchange rate ad the prices of tradable goods is known as the.

Question # 10

Should international transpiration costs decrease, the effect on international trade would include a.

Question # 11

Trade based on comparative advantage assures that.

Question # 12

The organization that currently establishes rules of conduct for firms engaging in international trade is the.

Question # 13

Which exchange rate system does not require monetary reserves for official exchange rate intervention.

Question # 14

The factor endearment model of international trade was developed by.

Question # 15

All of the following are credit items in the balance of payments except.

Question # 16

Riskless transactions to take advantage of profit opportunities due to a price differential or a yield differtial in excess of transaction costs are called.

Question # 17

Tariff levels in advanced countries tend to be ___ tariff levels in developing countries.

Question # 18

__________ is a said to exist when the formation of a regional trading group leads to the reduction of trade with nonmember countries infavor of member countries.

Question # 19

If a small country imposes a tariff on an imported goods terms of trade will

Question # 20

A nation with a current account deficit will be

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PPSC Economics Chapter 5 Important MCQ's

Sr.# Question Answer
1 The factor endowment theory was pioneered by
A. Adam Smith
B. David Richardo
C. Wassily Leontief
D. Ell Heckscher and Bartill Ohlim
2 Credit (+) items in the balance of payments correspond to anything that.
A. Involves receipts from foreigners
B. Involves payments to foreigners
C. Increases the domestic money supply
D. Decrease the demand for foreign exchange
3 Dynamic gains from trad could result from
A. The stimulus of additional investment spending as markets open
B. Economies of large scale production as markets open
C. Additional competition made possible by the opening of markets
D. All of the above
4 increase foreign competition tend to.
A. Intensify inflationary pressure at home
B. Induce falling output per worker hour for domestic workers
C. Place constraints on the wages of domestic workers
D. Increase profits of domestic import competing industries.
5 A main advantage of specialization results from
A. Economics of large scale production
B. The specializing country behaving as a monoploidy.
C. smaller production runs resulting in lower unit costs
D. High wages paid to foreign workers
6 The organization that currently establishes rules of conduct for firms engaging in international trade is the.
A. World Bank
B. International Trade commission
C. Department of Justice
D. World Trade Organization
7 Ad valorem tariffs are collected as.
A. Fixed amounts of money per unit traded
B. A percentage of the price of the product
C. A percentage of the quantity of imports
D. All of the above
8 ___________ are quotas that lead to a complete abolishment of trade.
A. Nontariff barriers
B. Embargoes
C. Voluntary export restraints
D. Orderly marketing agreements
9 In balance of payments accounting tourism and travel are classified in the
A. Merchandise trade account
B. Services account
C. Unilateral transfers account
D. Capital account
10 Which trade theory contends that a country that initially develops and exports a new product may eventually become an importer of it and may no lorger manufacture the product.
A. Theory of factor endearments
B. Theory of overlapping demands
C. Economies of scale theory
D. Product life cycle theory.

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