Question # 1

According to solo growth model capital and labor are.

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Not substitution of each other

Substation of each other

Substation in a way

All of these

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

Suppose an individual spends all his income on only two goods, good X and good Y moreover suppose that you were asked to derive his price consumption curve for good Y Which of the following would be allowed to very.

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Money income

The tastes of the consumer

The price of good X

The price of good Y

How much of the Rs. 5 billion dollar increase in the government expenditures will be financed by bond sales.

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Rs.3.5 billion

Rs.1.5 billion

Rs. 4.9 billion

Rs.2.8 billion

It enables the researcher to acquaint himself with current knowledge in the field in which he is going to conduct his research.

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Social survey

Research proposal

Review of literature

Research design

In perfect competition.

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the products firm offer are very similar

Products are heavily differentiated

A few firms dominate the market

Consumers have limited information

In the long run an increase in consumer spending would cause output to ________ and the price level to.___________

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rise;rise

rise; stay; constant

stay constant ; stay constant

Stay constant ; rise

Ad valorem tariffs are collected as.

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A percentage of the price of the product

A percentage of the quantity of imports

All of the above

Fixed amounts of money per unit traded

For perfect competition ot work there must be

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Many buyers and sellers

A standard product

Free entry and exit

All of the above

State Bank of Pakistan was established in

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July 1st 1948

July 1st 1952

July 1st 1953

July 1st 1947

The average total cost of a wedge increases from Rs. 0.79 ro Rs. 0.83 Evidently

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AFC exceeds AVC

MC is between Rs. 0.79 and Rs. 0.83

AVC is Rs. 0.83

MC is greater than Rs. 0.83

What is the share of rural population in the total population of Pakistan.

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61.8 %

67.5%

59.6%

74.8%

Those who argue in favor of import protection generally give the impression that such restricted trade will.

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Decrease the level of national security

Provide benefits to some particular industry

Provide benefits to the entire nation

Not yield welfare losses for the nation

Moral Hazard means that the act of insuring __________ that the desired outcome will occur.

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Reduces the likelihood

Increase the likelihood

Guarantees

None of the above

A typical demand curve cannot be

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Rising upwards to the right

A straight line

Concave to origin

Convex to origin

Skilled labour is relatively scarce because.

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There are too few teachers

Too few student places in higher education

It is costly to acquire human capital

Teachers salaries are too low

Consider the five panels of the figure on the previous page in which of the five would monetary policy be the weakest.

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Panel a

Panel d

Panel b

Panel e

What is the share of Urban Population in the total population of Pakistan.

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38.6%

42.6%

41.0%

32.5%

In monopoly when abnormal profits are made.

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The prize set is greater than the marginal cost

The price is less than the average cost

The average revenue equals the marginal cost

Revenue wquals total cost

In developing countries the co existence of modern and tadeonal method of production in urban and ruler sector is called.

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Dualism

Under employment

Under estimation of resources

None of these

When the period of Rabi crops starts and when it end.

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October - May

January - October

May- October

June - September

Which of the following is not one of the four Ps in marketing.

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Product

Price

Place

Presence

The diamond water paradox can be explained by suggesting that the price of a product is determined by.

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Consumer incomes

Its marginal utility

Consumer surplus

Diminishing marginal utility

The most widely traded currency in the foreign exchange market is the.

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Euro

Chinses yuan

British pound

U.S. Dollar

The average total cost when 20 units of output are produced is

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Rs. 2,900

Rs.195

Rs. 20

Rs.900

A monopoly there is

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No difference between firm and industry

A few firms

Lot of firms

none of these

An economic variable that moves in the opposite direction as aggregate economic activity up in is called.

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Pro cyclical

Countercyclical

A cyclical

A leading variable

As a result of the increase in government expenditures disposable income increases by.

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Rs.10 billion

Rs.9 billion

Rs.20 billion

Rs.5 billion

In monopoly the firm can

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Price

Output

Either price or output

Both a and b

A firm charges Rs. 800 for its unique word processor. If total revenue is Rs. 56,000 in July, how many word processor were sold that month.

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70

95

700

800

When your grandmother keeps her savings hidden under her mattress she is using money as.

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a standard of deferred panyment

A comfortable thing for sleeping

A medium of exchange

A store of value

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