| 1 |
The transformation of resources into economic gods and services is |
- A. input
- B. production
- C. entrepreneur
- D. market
|
| 2 |
The method to measure the elasticity of demand is : |
- A. Percentage method
- B. Total outlay approach
- C. Geometric approch
- D. All the three
|
| 3 |
Why should employ units of a factor to a point where |
- A. MP is negative
- B. MP is equal to price of the factor
- C. MP is positive
- D. MP is rising
|
| 4 |
The demand curve slopes downward from left to right because of: |
- A. Income effect
- B. Substitution effect
- C. Entry of new buyers
- D. All of the above
|
| 5 |
Trade Unions in Pakistan are unable to get an increase in wage rates because of : |
- A. Minimum wage law
- B. Low labour efficiency
- C. Capital intensive projects
- D. Lack of Natural resources
|
| 6 |
According to Keynes interest is a payment for |
- A. use of durable goods
- B. use of capital
- C. use of money
- D. use of land
|
| 7 |
3x<sup>2</sup>=0 is an equation |
- A. linear
- B. quadratic
- C. general
- D. first degree
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| 8 |
The purchasing power of money alongwith the fringe benefits for a labour will detemine his/her: |
- A. Nominal wage
- B. Gross wage
- C. Real wage
- D. Net wage
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| 9 |
Net investment equals Gross investment MINUS |
- A. fixed capital
- B. capital depreciation
- C. capital appreciation
- D. capital formation
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| 10 |
Capital formation lakes place when |
- A. people save a part of their incomes
- B. saved amount is invested
- C. investors expect good return
- D. all of the three
|