Question # 1

During period of inflation

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Those people who have fixed incomes benefit

Every one's real income falls

those people who enter long term wage agreements benefit

Those people whose real income rises faster than the general price level benefit

All of the following are trade problems of developing countries except.

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Unstable export markets

improving terms of trade

Limited access to the markets of industrial countries

Highly elastic demand curves for their products.

Research may be made through either arbitrary method of

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Rational method

Scientific method

Imagination method

Vague method

At level of income and output of 100 in the diagram above

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APC < 1

Equilibrium occurs

Consumption expenditures are equal to 100

MPC > APC

The impossibility of negative gross investment provides a______ to fluctuations in.

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Celling, stock building

Celling, capital prices

floor , output

floor , the capital output ratio

if in a matrix , the number if rows is the same as the number of columns, it is called.

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Singular matrix

Non singular matrix

Square matrix

Column vector

If one country, with floating exchange states, has higher inflation than its competitors, we would expect its exchange rate to.

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Appreciate

Depreciate

Revalue

be in short supply

A monopoly may be self perpetuating because profits may be used for

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research

Cost saving

Technical advance

All of the above

If all the elements of a matrix of any order are zero, it is called.

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Identity matrix

Null matrix

Zero matrix

Both b and c

A function where a variable x can only very in jumps, is often called.

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Non linear functions

Inverse function

Step function

All of above

In the Keynesian model in the short run a decrease in government purchases causes output to _____ and the real interest rate to.

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fall ; rise

fall ; fall

rise ; rise

rise; fall

Who defined research is a systematic development of logically related prepositions.

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Black and champion

comet

Weber

Morry

The primary function of a bank is to.

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Control the money supply

Provide notes and coins for trade

Make a profit

Provide a chequeen clearing system.

A activates which do not promote human welfare cannot be encouraged.

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Western estate

Police state

Islamic estate

None Islamic estate

What is embodies sampling.

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Haphazard selection

Numbers

Definite rules

Accuracy

A nation experience external balance if it achieves.

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No net changes in its international gold stocks

Productivity levels equal to those of its trading partners

An increases in its money supply equal to increases overseas

Equilibrium in its balance of payments

The free market involves

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The free provision of products

The subsidizing of products by the government

Market forces of supply and demand

All trade via barter

It is a process of checking to detect and correct errors and omissions.

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Coding

Editing

Analysis

Classifications

To prevent the external value of the currency from failing the government might

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Reduce interest rates

Sell its own currency

Buy its own currency with foreign reserves

Increase its own spending

Which of the following macroeconomic variables is procyclical and lags the business cycle.

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Business fixed investment

Empolyment

Stock prices

Nominal interest rates

An efficient economy is an economy

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In which output is steady or growing and there is low inflation

That produces what consumers demand and does so at the least possible cost.

that distributes output equally among all consumers

In which there is a fair distribution of wealth.

For a competitive firm its short run supply curve is ________ and its long run supply curve is.

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SMC , LMC

SMC above SAVC, LMC above LAC

SMC below SAVC, LMC above LAC

SMC Below SAVC, LMC below LAC

Collection of well defined distinct objects thought of as a whole is called

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Union

Derivative

Set

Integral

In monopolistic competition firm sell

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Same goods

Differential goods

Inferior goods

Superior goods

Holding all other things constant a higher price for ski lift tickets would.

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Increase the number of skiers

Increase the price of skis

Decrease the number of skis sold

Decrease the demand for other winter recreational activities

Which of the following causes M1 demand to decrease.

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A fall in the tax rate

An increase in income

A fall in the interest rate

An increase in the use of credit cards

If firms join together to set prices and quantities this is known as what.

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Interaction

Conglomerate

Collusion

Integration

Wellbeing of all individual living things is the primary concern of.

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Biocentrism

Eco centreman

anthropocentrism

None of these

In the theory of the firm profit maximization is always synonymous with.

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Profitability

Economic profit making

maximization of the sales revenue

None of these

"A monetary rule need not mean a single baid number If the central bank fears velocity shifts rules could be adopted for adjusting the target in the face of a trends change in velocity "If velocity were trending upward the target money growth rate would be adjusted.

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Upward

Down ward

To be zero

To match inflation

First Islamic banking branch of NBP started its operations in Karachi onDecember 15

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2004

2005

2006

2007

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