The resources in an economy are ?

Related Mcqs:

1. The resources in the economy do not include ?

   A. Demand
   B. Land
   C. Labour
   D. Capital

2. Resources in an economy ?

   A. Are always found
   B. Can never decease
   C. Always increase over time
   D. Are limited at any moment in time

3. Which approach predicts that is an economy operates a full employment and faces trade deficit currency devaluation will improve the trade balance only if domestic spending is cut thus freeing resources to produce exports ?

   A. the absorption approaches
   B. the Marshall Lerner approach
   C. the monetary approach
   D. the elasticities approach

4. A way of calculating the total output of the economy and all incomes earned within the Pakistan regardless of whether the resources are Pakistan or foreign is_______________?

   A. the GDP
   B. the GNP
   C. the NNP
   D. the SPQR

5. A way of calculating the total output of the economy regardless of where resources are located is________________?

   A. the GDP
   B. the GNP
   C. the NNP
   D. the SPQR

6. What is more likely to be found in a free market economy than in a planned economy ?

   A. an even distribution of income
   B. an incentive to innovate
   C. a wide range of public goods
   D. full employment of labor

7. Refer to Exhibit 6.If People in the economy expect inflation to be 6 percent but inflation turn out to be 3 percent the economy is operating at point ?

   A. H
   B. c
   C. d
   D. F

8. Refer to Exhibit 6. Suppose the economy is Operating in long-run equilibrium at point E. In the long run a monetary contraction will move the economy in the direction of point ?

   A. F
   B. a
   C. H
   D. I

9. Refer to Exhibit 6. Suppose the economy is Operating in long-run equilibrium at point E. An unexpected monetary contraction will move the economy in the direction of point ?

   A. H
   B. F
   C. E
   D. c

10. Refers to Exhibit 4. Suppose the economy is operating in a recession such as point B in Exhibit 4. If policy makers allow the economy to adjust to the long run natural rate on its own, ?

    A. People will reduce their price expectations and the short run aggregate supply will shift right
    B. People will raise their price expectations and aggregate demand will shift left
    C. People will raise their price expectations and the short run aggregate supply will shift left
    D. People will reduce their price expectations and aggregate demand will shift right