Question # 1

A monopolistically competitive firm in short run equilibrium:

Will make negative profit (lose money).

Will make zero profit (break-even)

Will make positive profit

Any of the given are possible.

Who presented the quantity theory of money:

Marshall

Robbins

Taussig

Keynes

Price floor results in:

All of the given options

Excess supply.

Equilibrium

Excess demand

Which group of the following showed a negative growth of -58.6 percent during 2005-06?

Chemicals

Petroleum

Electricals

Basic Metals

Who is the writer of Wealth of Nation?

Marshall

Adam Smith

Robbins

Keynes

Mairani Dam is being built in Balochistan Gomal Zam Dam in NWFP and Diamer Bhasha Dam in the region of:

Punjab

Northern Areas

NWFP

Sindh

NAT II Management Science Economy MCQs With Answers