Question # 1

For any square matrix a of order 'n'a (Ad)A) is equal to.

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(Ad) A) A

Determinant A

Rank of A

Both a and b

Agricultural income tax in Pakistan will be leived on the famers with land holding of or more than.

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30 acres

25 acres

15 acres

12.5 acres

Efficiency wages are_______ that raise

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Low wages , employment

High wages, labor supply

High wages, productivity

High wages, employment

Pakistan place in the world are wise on _______ number

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20th

25th

30th

35th

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

The aggregate demand curve

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Is vertical

Slopes upward

Is horizontal

Slopes downward

"Some economists criticized the central bank for not moving in the face of the waning recovery One who prefers anonymity stated the failure to move today leaves us with low inflation a weak economy and climbing jobless claims these are classic signs of an impending downturn The fed fiddles while the economy burns This economist would want to see.

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A higher interests rate

A higher reserve requirement

a decrease in the money supply

An increase in the money supply

A primary reason why nations conduct international trade is because.

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some nations prefer to produce one thing while others produce another.

Resources are not equally distributed to all trading nations

Trade enhances opportunities to accumulate profits

Interest rates are not identical in all trading nations

The concept of carbon credit originated from which one of the following.

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Earth summit rio de jeneiro

Kyoto protocol

Montreal protocol

G-8 summit Helligendamm

Saving means

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Part of income for investment

Income for boarding

Non consumption of income in the current period

None of the above

Perfect competition implies

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Homogeneous goods

Inferior goods

Superiors goods

Differential goods

Theory is a set of systematically related propositions specifying casual relationship among variables is defined by

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Black James and Champaign

P.V. Young

Emory

Gibbes

International specialization takes place because of.

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Differences in technology

Differences in factor endowments

Scale economies

All of the above

A situation in which firms choose their best strategy given the strategies chosen by the other firms in the market is called.

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a competitive equilibrium

An open market solution

The Nash equilibrium

The cartel equilibrium

Indifference curves shows various combinations of.

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One commodity

Two

Three

All of these

The term of trade in Pakistan remained unfavorable regarding.

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Industrial sector

Services sector

Agricultural sector

All of these

In perfect competition there is.

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Many buyers

Many sellers

Homogeneous product

All of these

An ethics that treats only humans as morally considerable is called.

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Holism

Eco centrism

Anthropocentrism

None of these

Between 1982 and 1985 prices increased by

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11.4%

25.2%

14.5%

3.6%

For a borrower an increase in the real interest rate will lead to.

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Higher current consumption and less borrowing

Higher current consumption and less saving

Lower current consumption and less borrowing

Lower current consumption and less saving

Immediately after a through we would expect to have al

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Peak

Recession

Recovery

Another trough

A demand curve is not related to

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The time period

The price of the commodity

The price of substitution

Any of above

When real income increases, other things equal we fan expect the demand for real money holdings to.

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Fall

Not change

Increase

Decrease

Which of the following is an example of a normative statement.

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Since this good is bad for you, you should not consume it.

this good is bad for you

If you consume this good you will get sick

People usually get sick after consuming this good

The oldest basis of existence all over the world was.

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Fishing

Farming

Both a and b

None of these

The equilibrium level of Y and I derived from the LM and IS equations above is.

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Y = 130 and I = 10%

Y = 200 and I = 30%

Y = 180 and I = 7%

Y = 250 and I = 2%

When planned saving is greater than planned investment.

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Output should increase

Output should decrease

Output should not change

All of the above

If the exchange rate is above the equilibrium level.

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There is excess demand and teh exchange rate will fall

There is excess supply and the exchange rate will fall

There is excess demand and the exchange rate will rise

There is excess supply and the exchange rate will rise

The reduction or covering of foreign exchange risk is called.

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Hedging

Speculation

Intervention

Arbitrage

If the estimated values of Y and Py in 1987 are Rs. 20,000 and Rs. 6 respectively, what is the maximum price of X.

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Rs.420

Rs.240

Rs.300

Rs.360

An adverse supply shock that is permanent shifts which curve in addition to the curves shifted by.

One that is temporary.

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The LM curve

The IS curve

The FE line

The labor demand curve

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