PPSC Economics Topic 11 Assess Your Basics MCQS

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Murtaza Gillani 13 - Jul - 2024 07 Min 48 Sec 11/20
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huma 30 - Jun - 2021 12 Min 23 Sec 8/20
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savera 03 - Jul - 2021 04 Min 58 Sec 6/20
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Abdul Basit 26 - May - 2022 05 Min 13 Sec 6/20
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abuzar 02 - Aug - 2023 08 Min 12 Sec 6/20

PPSC Economics Chapter 11 Important MCQ's

Sr.#	Question	Answer
1	If some body is prepared to work at the going wage rate but cannot find work than they are victims of.	A. Voluntary unemployment B. Classical unemployment C. Frictional unemployment. D. All of the above
2	When real income increases, other things equal we fan expect the demand for real money holdings to.	A. Fall B. Not change C. Increase D. Decrease
3	The level of the equilibrium exchange rate offsets international difference in.	A. Comparative advantage B. Absolute advantage C. Opportunity cost D. Relative costs
4	The firms long run output decision will be where.	A. Long run average cost a lowest B. Marginal revenue equals output C. Marginal revenue equals long run marginal cost D. Marginal cost equals output
5	An advocate of the classical model of the economy would claim that unemployment a created when the ___________ is above its equilibrium level in the.	A. Price level, agregate economy B. Tax rate, government ebudget C. Wage rate, labour market D. Interest rate, market for loanable funds
6	A competitive firms demand curve is.	A. Horizontal B. Vertical C. Down ward sloping D. Fairly elastic
7	The price elasticity of demand measures	A. The responsiveness of quantity demanded to a change in prie. B. How far a demand curve shifts C. A change in price D. A change in quantity demanded
8	Short run average total costs are equal to the sum of _______ and______	A. Short run opportunity costs, profit B. Short run average variable costs, profit C. short run average variable costs, profit. D. Short run average variable costs short run average fixed costs
9	Real GNP is a crude measure of national welfare because it excludes.	A. Consumption B. Investment C. Export's D. work in the home
10	If a person thinks they are better off after a 10% wage increase, and all prices have risen 10%, then they are experiencing.	A. Inflation B. A supply shocks C. Crowding out D. Inflation illusion

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PPSC Economics Topic 11 MCQS Test Preparation

MCQ's Test For PPSC Economics Topic 11 Assess Your Basics

PPSC Economics Topic 11 Assess Your Basics

import substitution is the replacement of ________ by domestic production under the protection of.

The multiplier tells us how much __________ chagnes after a shift in.

The level of the equilibrium exchange rate offsets international difference in.

The impossibility of negative gross investment provides a______ to fluctuations in.

If a person thinks they are better off after a 10% wage increase, and all prices have risen 10%, then they are experiencing.

All of the following are benefits of the single market except.

An upward shift in marginal cost ___________ output and an upward shift in _____ marginal revenue __ output.

Within circular flow of income, an increase in domestic income iwll lend to increase.

When we know the quantity of a product that buyers wish to purchases at each possible price we know.

Economics assumes that people consume goods and services to achieve.

The multiplier is calculated as.

In the economy when a steel producer sells steel to car producer it is regarded as.

Real GNP measures income

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

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

Land will be allocated between competing uses so that.

The prisoners Dilemma Game demonstrates that.

Output fell sharply in the transition economies because.

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

In linear consumption function with a positive slope less that on means that if income increase, consumption will.

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Topic Test

PPSC Economics Chapter 11 Test

Top Scorers Of PPSC Economics Topic 11 Assess Your Basics MCQ`s Test

PPSC Economics Chapter 11 Important MCQ's

Test Questions

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An upward shift in marginal cost _________ output and an upward shift in _ marginal revenue output.