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

Which industrialization policy has developing countries used which places emphasis on the comparative advantage principle as a guide to resource allocation.

Question # 2

Which trade policy results in the government levying both a specific tariff and an advalorem tariff on imported goods.

Question # 3

Which of the following organizations primarily provides long term loans to developing countries to help them develop their infrastructure such as schools hospitals and roads.

Question # 4

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

Question # 5

Developing countries that concentrate production in agricultural products or raw materials may face a long run decline in their international terms of trade because of.

Question # 6

Poor developing countries typically impose ______ tariffs than rich advanced nations on imports.

Question # 7

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

Question # 8

When all of the debit or credit items in the balance of payments are combined

Question # 9

If a country has a linear production possibilities frontier then production is said to be subject to.

Question # 10

Absolute advantage is determined by

Question # 11

A tariff that prohibits imports has only

Question # 12

The term of trade is given by theprices.

Question # 13

The theory of ___________ suggests that government can assist domestic companies in capturing economic profits from foreign competitors

Question # 14

An important feature of a___ is that the holder has the right , but not the obligation, to buy or sell currency

Question # 15

If export's are a constant proportion of GNP such that E = 18 GNP, find the level of imports that would represent a zero trade balance when GNP = 10,000

Question # 16

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

Question # 17

If a nation has an open economy it means that the nation.

Question # 18

In the classical model of Ricardo the direction of trade is determined by

Question # 19

The national security argument for protection is more likely to be valid when

Question # 20

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

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PPSC Economics Chapter 5 Important MCQ's

Sr.# Question Answer
1 The earliest statement of the principle of comparative advantage in associated with
A. Adam Smith
B. David Ricardo
C. E . Heckscher
D. Bertil Ohlin
2 If export's are a constant proportion of GNP such that E = 18 GNP, find the level of imports that would represent a zero trade balance when GNP = 10,000
A. 180
B. 555
C. 1,800
D. 5,555
3 A current account surplus implies that
A. The country is a net lender to the rest of the world
B. The country is running a net capital account surplus
C. Foreign investment in domestic securities is at very low levels
D. All of the above
4 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
5 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
6 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.
A. Currency arbitrage
B. Interest arbitrage
C. Short positions
D. Long positions
7 If the home country government grants a subsidy on a domestically produced good domestic producers lend to.
A. Capture the entire subsidy in the form of higher profits
B. Increases their level of production
C. Reduce wages paid to domestic workers
D. Consider the subsidy as an increase in production cost
8 The factor endowment theory was pioneered by
A. Adam Smith
B. David Richardo
C. Wassily Leontief
D. Ell Heckscher and Bartill Ohlim
9 In today world most countries impose tariffs
A. Only on imports
B. Only on exports
C. On both imports and exports
D. On imports exports and nontrade goods
10 Most tariffs have
A. Only revenue effects
B. Only protective effects
C. Both protective ad revenue effects
D. Neither protective or revenue effects

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