Question # 1

Marx borrowed Dialectical Method form:

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Locke

Rousseau

Hegal

Green

The charge in quantity demanded because of the change in the relative price of the product?

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Change in quantity demanded

Change in demand

Law of demad

Substitution effect

When you consume more and more of a commodity continuously, your total satisfaction level will?

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Decrease

Fluctuate

Remain

Increase

earning form primary products are often us unstable because:

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Demand is price elastic

Supply is price elastic

Supply conditions are relatively stable

Supply conditions are unstable

Which of the following is not required while computing Gross National product (GNP)?

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Net foreign investment

Private investment

Per Capital income of citizens

Purchase of goods by government

BYOB stand for:

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Bring your own Bottle

bring your own body

body your own bottle

bone of the above

If an economy is productively efficient:

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Everyone is wealthy

Resource are unemployed

More of one product can only be produced if less of another product is produced

The distribution of income is equal

If the price elasticity of demand is unit then a fall in price:

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Reduces revenue

Leaves revenue unchanged

Increases revenue

Reduces costs

'From each according to his ability, to each according to his need' is the theoretical slogan of which system?

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Communist system

Capitalist system

Fascist system

None of these

Which one of the following is not a method of peaceful settlement of disputes?

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Limited arms conflict

Negotiations

Arbitration

Mediation

Monetary Policy of Pakistan is regulated by:

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Money Lenders

Central Bank

Private entrepreneurs

Government Policy

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