economics Mcqs
1. the national economy2. profit maximizing under perfect competition and monopoly3. application of economics4. the aggregate demand aggregate supply model5. surplus6. money interest rates and output7. average and total cost8. stabilization adjustment reform and privatization9. risks and diversification efficient market hypothesis10. the phillips curve11. supply and demand12. capital formation investment choice information technology and technical progress13. aggregate supply unemployment and inflation14. elasticity15. comparative gdp16. roots of modern macroeconomics17. production factors18. poverty malnutrition and income inequality19. trade regulations and industrial policies20. monetary union21. exchange rate systems and currency crises22. economic development in historical perspective23. exchange rate determination24. monopoly competition25. the balance of payments26. inflation productivity27. macroeconomic issues and analysis28. employment migration and urbanization29. macroeconomic policy tools30. supply side policies31. exchange rate adjustments and the balance of32. miscellaneous33. taxation34. trade policies for the developing nations35. markets efficiency and the public interest36. the external debt and financial crises37. budget deficits and the trade balance38. alternative theories of the firm39. public goods40. the meaning and measurement of economic development41. characteristics and institutions of developing countries42. agriculture irrigation system of pakistan43. education health and human capital44. economic problems of developing countries45. theories of economic development46. basic of economics47. consumer theory vs real consumers48. applied microeconomics49. long term economic growth50. externality internality51. fiscal and monetary policy52. prices wages taxes53. balance of payments aid and foreign investment54. international factor movements and multinational corporations55. entrepreneurship organization and innovation56. the international economy and globalization57. population and development58. non tariff trade barriers59. foundations of modern trade theory60. global economic development61. market62. rural poverty and agricultural transformation63. regional trading arrangements64. foreign exchange65. introduction to economics66. world economy miscellaneous67. sources of comparative advantage68. natural resources and the environment toward sustainable development69. monopoly70. asymmetric information71. income inequality72. labour market73. tariffs74. development planning and policy making the state and the market75. oligopoly76. industrial development77. costs supply and perfect competition78. human capital79. monetary fiscal and incomes policy and inflation80. stocks
3056. Which of the following help explain why firms pay bonuses to workers during particularly profitable years to prevent workers from becoming disgruntled ?
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A. People are inconsistent over time

B. People are reluctant to change their minds

C. People care about fairness

D. people are rational maximizers

3057. A firm may be unable to maximize profits because it ?
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A. does not know its MC and MR

B. has too little information

C. The first and third option

D. has too much information

3058. Rice is very important food as well as ?
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A. cash crop

B. export crop

C. import item

D. raw material

3059. Bilateral aid ?
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A. is a loan at bankers standards

B. is aid with repayment in inconvertible currency

C. is given directly by one country to another

D. is technical aid given by IMF

3063. The measured unemployment rate can be pushed below the natural rate, but ?
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A. only in the short run, and not without inflation

B. only is the short run and only if the price level is constant

C. only in the long run and only if the price level is constant

D. only in the long run and not without inflation

3065. Fear to take-overs will lead firms to maximize ?
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A. profits.

B. growth.

C. managers utility

D. sales revenue

3067. The view of the Phillips curve that prevailed in the 1960s implied that policies that ?
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A. lower unemployment rate will tend to lower the inflation rate

B. lower unemployment rate will tend to raise the inflation rate

C. raise inflation rate will tend to raise the unemployment rate

D. lower inflation rate will tend to raise the unemployment rate

3068. The production of wheat in 2001-2 dropped by 2.9 percent. What was the size of wheat crop this year ?
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A. 18475 thousand tones

B. 19475 thousand tones

C. 13475 thousand tones

D. 16475 thousand tones

3070. Which one is the dominant source of foreign exchange earning ?
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A. Agriculture

B. Foreign remittance

C. Manufacturing

D. Textile

3071. The period of Rabi season is ?
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A. October-May

B. January-May

C. October-June

D. May-Aug

3072. The merger of two clothing firms would be a ____ merger?
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A. vertical

B. horizontal

C. homogeneous

D. conglomerate

3073. Which of the following issues is related to microeconomics ?
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A. the impact of oil prices on car production

B. The impact of money on inflation

C. The impact of the deficit on saving

D. The impact of technology on economics growth

3075. A firm charging different buyers different prices for the same product is practicing ?
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A. Competitive pricing.

B. price discounting.

C. Price discrimination

D. price fixing.

3076. The Phillips curve is a graph showing the relationship between ?
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A. the level of aggregate output and the price level

B. the inflation rate and the level of aggregate demand

C. the inflation rate and the unemployment rate

D. the price level and the unemployment rate

3077. Forest area of Baluchistan is ?
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A. 0.33 million hectares

B. 2.33 million hectares

C. 1.33 million hectares

D. 0.83 million hectares

3078. Behavioral theories of the firm concentrate on the _______ interests of _______?
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A. conflicting; managers

B. common; different parts of the firm

C. common; mangers

D. conflicting; different parts of the firm
3079. Nimbokil-60EC is formulated for the control of ?
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A. agricultural insect pest

B. herbs

C. household pests

D. pest

3080. Those who hold the classical view of the labor market are likely to believe that ?
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A. neither monetary nor fiscal policy will have an effect on output and employment

B. monetary but not fiscal policy will have an effect on output and employment

C. Fiscal, but not monetary policy will have an effect on output and employment

D. both monetary and fiscal policy will have an effect on output and employment

3082. Even though explicit contracts may lead to layoffs during recessions explicit contracts may still be efficient because such contracts ?
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A. minimize negotiation costs

B. guarantee that only the least productive workers will be laid off.

C. minimize unemployment effects

D. will equitable spread the layoffs among junior and senior workers

3084. Which are Pakistans major seasons for agriculture crops ?
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A. Barani and Rabi

B. Kharif and Barani

C. Kharif and Rabi

D. Kharif, Rabi and Barani

3085. The total forest area of Punjab is ?
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A. 0.96 million hectares

B. 0.89 million hectares

C. 0.989 million hectares

D. 1.69 million hectares
3086. Which of the following is a variable cost in the short run ?
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A. wages paid to factory labor

B. interest payments on borrowed financial capital

C. salaries paid to upper management

D. rent on the factory

E. payments on the lease for factory equipment

3087. Which are Pakistan major seasons for agriculture crop ?
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A. barani & rabi

B. Kharif & Barani

C. Kharif & rabi

D. Kharif , Rabi

3089. The balance on current account ?
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A. equals the absolute value of the balance on capital account

B. #NAME?

C. includes goods services and unilateral transfers

D. is financed by savings

3090. Nomboli is formulated for the control of ?
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A. pests

B. agricultural insect pest

C. household pest

D. herbs and shrubs

3091. Investment in agriculture sector is Rs ?
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A. 45.9 billion

B. 50.9 billion

C. 45.1 billion

D. 49.9 billion

3093. The total land area of Sindh is 14.1 mha (or 34.84 million acres) out of which _______ are cultivated?
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A. 39 % or 5.45 mha

B. 31 % or 4.49 mha

C. 32 % or 3.85 mha

D. 33 % or 4.45 mha

3094. In making which of the following statements is an economist acting more like a scientist ?
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A. The rate of inflation should be reduced because it robs the elderly of their savings.

B. The unemployment rate should be reduced because unemployment robs individuals of their dignity.

C. A reduction in unemployment benefits will reduce the unemployment benefits will reduce the unemployment rate.

D. The state should increase subsidies to universities because the future of our country depends on education.

3095. Which of the following is true under pairwise majority rule if people vote for the outcome closest to their most preferred outcome ?
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A. The average preferred outcome wins

B. There is no clear winner due to Arrows Impossibility Theorem.

C. The outcome preferred by the greatest number of voters wins.

D. The outcome preferred by the median voter wins
3096. Which of the following statements is true ?
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A. All costs are variable in the short run

B. All costs are variable in the long run

C. All costs are fixed in the short run.

D. All costs are fixed in the long run

3097. How much wood the forest sector provides ?
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A. 2.5 million hectares

B. 3.5 million hectares

C. 4.5 million hectares

D. 5.5 million hectares

3099. In Northern Areas total forest area is ?
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A. 0.55 million hectares

B. 0.33 million hectares

C. 0.66 million hectares

D. 0.83 million hectares