Question # 1

A market with few entry barriers and with many firms that sell different product is:

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Purely competitive

A monopoly

Monopolistically competitive

Oligopolistic

Which of the following is an indirect tax?

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Coroporation tax

Excise Duty

Wealth tax

Capital Gains tax

What is Tariffs?

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Decrease the domestic prices of a product

Increase the quantity of imports

Decrease domestic production

Increase government earnings form tax

An increase in national income is likely to:

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Decrease tax receipts

Worsen the balance of trade

Automatically cause an increase in government spending

Cause an increase in injections into the economy

The value of money varies:

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Inversely with the price level

Directly either the volume of employment

Directly with the price level

Directly with the interest rate

Where is the headquarters of African Development bank?

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Abidjan

Niger

Nambia

Nigeria

Who among the following is the exponent of Game theory?

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Martin Shubik

Kari Deutsch

Palamer and parkins

joseph Frankel

Which industry group has the highest outstanding amount in non-small scale sector in Pakistan?

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Textile industry

Engineering industry

Sugar industry

Iron industry

The marginal revenue curve in monopoly:

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Equals the demand curve

Is parallel with the demand curve

Lies below and converges with the demand curve

Lies below and diverges form the demand curve

Irony is a contrast between expectation and reality, which of the following is not a common type of irony?

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verbal

dramatic

situational

Flashback

Which government income is included in revenue budget?

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Tax-revenue

Non tax-revenue

Both of above

None of the above

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