| 1 |
Demand is a function of |
- A. price
- B. quantity
- C. supply
- D. none
|
| 2 |
One of the cause of low wage rate in Pakistan is: |
- A. Population explosion
- B. Labour policy
- C. Lack of monility of labour
- D. Lack of natural resources
|
| 3 |
Which of the following is the subject matter of Economics. |
- A. Optimum use of limited resources for the satisfaction of unlimited human wants.
- B. Economic problems of the developing countries.
- C. Labour problems.
- D. Balance of payment problems.
|
| 4 |
An entrepreneur is a person who performs the dual function of risk-taking and control. This is the definition of |
- A. Prof. Knight
- B. Prof. Marshall
- C. Prof. Robbins
- D. Prof. Knees
|
| 5 |
Efficiency of land can be promoted by. |
- A. Means of communication
- B. Fertility of land
- C. Climate condition
- D. Quality of other factors
|
| 6 |
Law of Equi marginal utlility is a low of |
- A. production of wealth
- B. consumption of wealth
- C. distribution of wealth
- D. exchange of wealth
|
| 7 |
In monopoly at various output levels |
- A. AR = MR
- B. AR < MR
- C. AR > MR
- D. AR and MR curves are parallel
|
| 8 |
In the second stage of the law of variable of proportions the average product: |
- A. Rises
- B. Remains constant
- C. Falls
- D. None of the three
|
| 9 |
Limited liability is one of the advantages of |
- A. partnership
- B. sole proprietor
- C. joint stock company
- D. cooperative society
|
| 10 |
A bridge will be a |
- A. Private good
- B. Capital goods
- C. Consumer good
- D. Personal good
|
