Question # 1

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

Blue Revolution is related to:

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Space research

Poultry

Fisheries

Drinking water

Who developed the innovation theory of profit?

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Shumpeter

Haley

Prof,Knight

Karl Marx

The abbreviation NASA stands for which of the following:

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National Association safely Association

National Aeronautics and Space

National Aeronautics and Space Admi9nsitraion

North American Space Administration

In a cartel member firm may be given be given a fixed amount to produce. This is called a:

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Limit

Factor

Quota

Quotient

Individual cannot open his account in which of the followings banks?

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Babib banks

National bank

State Bank of Pakistan

Commercial Banks

National income estimated in Pakistan is Prepared by:

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Commission

SBP

Ministry of Finance

C.S.O.

Pass through effect in international trade theory refers to:

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The proportion of an exchange rate change that is reflected in export and import price change

Exports and imports not facing any tariff barrier

Exports and imports not facing any technical barrier

All of the above

Which one of the following is the main feature of deliberative democracy?

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Parliamentary Sovereignty

Executive supremacy

Judicial autonomy

People effective participation

Who is the exponent of realist theory?

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Mortan Kaplan

Hans Morgenthau

Martin Shubik

John Burton

World trade has been increasing due to:

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Increased tariffs

Increased legal barriers

Increased embargoes

Reduced protectionism

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