In a boom ?

Related Mcqs:

1. In a boom ?

   A. Unemployment is likely to fall
   B. Prices are likely to fall
   C. Demand is likely to fall
   D. Imports are likely to grow

2. Which of the following is an example of tragedy of commons ?

   A. over fishing
   B. smoking in a public place
   C. excessive rain
   D. common use of public toilets

3. Biodiversity ?

   A. includes genetic species ecosystem and functional diversities
   B. refers to diversifying earth’s nonrenewable resource
   C. refers to reconstruction of tropical rainforests
   D. refers to biological effects on commercial plantation

4. The Montreal Protocal, signed in 1987 and strengthened in 1990 ?

   A. attains the global optimal level of common property resource
   B. relies on internationally tradable emission permits
   C. minimizes free riders of public goods
   D. reduces ozone depletion through the cutting of chlorofluorocarbon production

5. Micheal Roemer’s three-sector model shows that growth in the booming export sector I- reduces the price of foreign exchange II- retards other sectors’ growth by reducing incentives to export other commodities III- reduces incentives to replace domestic goods for imports IV- raises factor and input prices for non-booming sectors ?

   A. I and III only
   B. II and III only
   C. I, II and III only
   D. I, II , III only IV

6. In a recession ?

   A. Unemployment is likely to be low
   B. Prices are likely to increase
   C. Growth is negative
   D. Growth is slow

7. Pakistan’s Gross Domestic Product (in contrast to Gross National Product) measures the production and income of ?

   A. Pakistan -owned firms no matter where they are located in the world
   B. The domestic manufacturing sector only
   C. The domestic service sector only
   D. People and factories located within the borders of the Pakistan
   E. none of these answers

8. If nominal GDP in 2005 exceeds nominal GDP in 2004, then the production of output ?

   A. must have fallen
   B. must have risen
   C. must have stayed the same
   D. may have risen fallen, or stayed the same because there is not enough information to determine what happened to real output

9. The standard of living is often measured by ?

   A. Real GDP per capita
   B. Real GDP
   C. Real GDP population
   D. Real GDP plus depreciation

10. If a cobbler buys leather for Rs100 and thread for Rs50 and uses them to produce and sell Rs500 worth of shoes to consumers the contribution to GDP is ?

    A. Rs50
    B. Rs100
    C. Rs650
    D. Rs500