A. Industry
B. Agriculture
C. Trade
D. Mines
Related Mcqs:
- In a competitive labour market firms will hire labour up to the point where the marginal revenue product of labour equals ?
A. total labour cost
B. the marginal product
C. the price of the product
D. the wage rate - 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 - In a perfectly competitive labour market firms are wage takers and the marginal cost of labour equals?
A. The average cost of labour
B. The marginal product
C. The marginal revenue
D. The total cost of labour - The formula for the marginal revenue product of labour (L is for labour, X is the product) is ?
A. MPL + PX
B. (MPL) (PX)
C. PX/MPL
D. MPL/PX - The substitution effect of a rise in the price of labour will ____ the quantity of labour and the output, effect will ____ it
A. increase; increase
B. increase; reduce
C. reduce; reduce
D. reduce; increase - Which one of the following is the largest sector of Pakistan’s economy ?
A. Agriculture
B. Banking
C. Industry
D. Manufacturing - Which one of the following is the largest sector of Pakistan’s economy ?
A. Agriculture
B. Banking
C. Industry
D. Manufacturing - Which one of the following is the largest sector of Pakistan’s economy ?
A. Agriculture
B. Banking
C. Industry
D. Manufacturing - Industry is the second largest sector of the economy. How much of GDP it accounts for ?
A. 16.5%
B. 18.2%
C. 19.7%
D. 20.5% - Which one is the single largest component of agriculture sector in the country ?
A. forestry
B. livestock
C. poultry
D. fisheries
