Question # 1

International trade has the benefits:

One

Three

Two

Unlimited

A monopolistically competitive firm in the long run equilibrium:

Will make negative profit.

Will make zero profit.

Will make positive profit

Any of the given are possible.

The quality of a commodity which satisfies the human wants:

Usefulness

Loss

Utility

Return

The Kachhi Canal water project shall be completed in:

September 2008

June 2008

April 2009

December 2008

Real GDP is equal to:

Nominal GDP - Inflation

Nominal GDP + Inflation

Nominal GDP / Inflation

Inflation / Nominal GDP

A good for which income and quantity demanded are inversely related is known as:

Inferior good

Complementary good

Normal good

None of the given options

NAT II Management Science Economy MCQs With Answers