Lecturer Economics paper 2017
 

please share Economics paper Mcq's dated 4-08-2017

Economics Paper 2017
 

rent is creation of value not of wealth, David recardo
who wrote economics of imperfect competition, Joan robins
Headquater of who, Geneva
largest opec oil producer, saudi arabia
Mixed economy , public and private sector
Micronmics concerned with, none of the above
an economic theory is, a testes hypothesis
subsitutes commodities, tea and coffee
TU is maximum, MU zero
if demand is inelastic then price and revenue will move in same direction
output increases, AFC decreases
the cost of one thing in term of other, oppertunity
which of the following factors forms the basis of loanable fund theory of interest, monetary and non monetry

speculative demand for money, interest rate
Fiat money, Legal money
liquidity trap conditions, very low rate of interest
bad money drives good money, Gresham
the market for very short term loans, money market
devaluation of currency, all of the above
which organization is most suitable for capital intensive business, joint stock companies
an indirect tax is one, points of impact and incidence are different
a private company must have atleast, 7 members
depreciation is the process of, allocation of costs
a close economy, no trade
net value added is equal to, payments accruing to factors of production
net national product at factor cost, national income
Big push strategy, industry

the capital output ratio in developed countries, fairly stable
balanced growth, simultaneous development of variety of activities, which support one another
with economic growth, the proportion of labor force engaged in agricalture,decreases

per capita income, income per head
select the correct statement, depreciation allowance is part of gdp
Flow concept, my monthly income
to avoid double counting economists, calculate value addede at each level of production
one or more persons living in joint family, household
open economy, trade
circular flow of income, income and expenditure
quantity of money has relationship with value, inverse
which increase money supply, purchase of bonds by state bank
treasury bill, short term loan to government
liquidity of monetray assets means, acceptability of monetary assets
pakistan started its five year plan, 1955
it increase rate of capital formation, new technology
the labor force participation rate, proportion of population workinf or seeking job
productivity of labour can be increased by, all of the above
ceteris perebus, other things constand
which statement is true, economics is social and normative science
assumptions, enable economists to simplyfy reality
equilibrium, an important idea to predict economic changes
three productive resources, capital. labor and natural resources

marginal revenue is always less than price, monopoly
monopoly and perfect competition, cost curves are same
accelarator is relation, consumption and investment
home remittances in pakistan leads to , inflation
when demand pull inflation is created, if consumption expenditure increases
sleeping partners means,
capital formation, addition of stock
equilibrium is explaind by, marginal utility
shift in supply curve, a new technology
marginal product of labor rises becouse of technology, wages will rise
idea of speculative demand was presented by , keynes
when MC intersects AC then AC, none of the above
a shock will start recession in economy, sometimes
monetary theory of business cycle, hawtery

who is economists, gunner mydal
non economic activity, mother tending her child
more capital is defined as, capital intensive
general stores are example of , monopoly
:vic

Can you share past paper 218 and 2019 economics lecturer paper?