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

00:00
Question # 1

When one country provides most favored nation status for another if agrees to.

Question # 2

A main advantage of specialization results from

Question # 3

according to factor price equalization theorem, if country A is labor abundant then once trade opens.

Question # 4

If the home country government grants a subsidy on a domestically produced good domestic producers lend to.

Question # 5

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

Question # 6

All of the following are trade problems of developing countries except.

Question # 7

According to the Hackscher - Ohlin model the source of comparative advantage is a country's

Question # 8

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

Question # 9

All of the following are fundamental to the world trade organization except.

Question # 10

The factor endearment model of international trade was developed by.

Question # 11

A tariff can ___________ raise a country's welfare

Question # 12

That the division of labor is limited by the size of th market best applies to which explanation of trade.

Question # 13

Investors engage in ____ when they move funds into foreign currencies in order to take advantage of interest rates abroad the are higher than domestic interest rates.

Question # 14

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

Question # 15

A nation with a current account deficit will be

Question # 16

Import quotas tend to result in all of the following except.

Question # 17

Most tariffs have

Question # 18

Specific tariffs are collected as

Question # 19

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

Question # 20

Small nations with more than one major trading partner lend to peg the value of their currencies to.

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PPSC Economics Chapter 5 Important MCQ's

Sr.# Question Answer
1 The national security argument for protection is more likely to be valid when
A. The purpose is to maintain protection for an indefinite time period.
B. The industry is characterized by increasing returns to scale.
C. the economy operates during a recession
D. The protected industry provides invaluable goods during periods of war
2 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
3 The movement to free international trade is most likely to generate short term unemployment in which industries'.
A. Industries in which there are neither imports nor exports
B. Import competing industries.
C. Industries that sell to domestic and foreign buyers
D. Industries that sell to only foreign buyers
4 The factor endowment theory was pioneered by
A. Adam Smith
B. David Richardo
C. Wassily Leontief
D. Ell Heckscher and Bartill Ohlim
5 The institutional framework developed in 1974 to promote trade liberalization is known as.
A. WTO
B. GATT
C. IMF
D. World bank
6 International trade forces domestic firms to become more completive in terms of.
A. The introduction of new products
B. Product design and quality
C. Product price
D. All of the above
7 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.
8 If a nation has an open economy it means that the nation.
A. Allows private ownership of capital
B. Has flexible exchange rates
C. Has fixed exchange rates
D. Conducts trade with other countries
9 The trade model of the Swedish economists Hackscher and Ohlin maintains that.
A. Absolute advantage determines the distribution of the gain from trade
B. Comparative advantage determines the distribution of the gains from trade.
C. The division of labor is limited by the size of the world market
D. A country exports goods for which its resource endowment are most suited.
10 A tariff that prohibits imports has only
A. a revenue effect and redistribution effect
B. Revenue effect and protection effect
C. Consumption effect and protection effect
D. Redistribution effect and consumption effect

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