201. The three main sectors of Pakistan’s economy are
A. Agriculture, industry, and manufacturing
B. Agriculture, industry, and transport
C. Agriculture, education, and industry
D. Agriculture, industry, and services
202. Which sector of Pakistan’s economy provides the largest employment in Pakistan?
A. Agriculture
B. Industry
C. Services
D. Manufacturing
203. Which sector is the major source of tax revenues for the government?
A. Agriculture
B. Industry
C. Services
D. Manufacturing
204. Which sector is the largest contributor to GDP?
A. Agriculture
B. Industry
C. Services
D. Manufacturing
205. A subsidy paid to producers:
A. Shifts the supply curve
B. Shifts the demand curve
C. Leads to a contraction in supply
D. Leads to an extension of supply
206. A movement along the supply curve may be caused by:
A. A change in technology
B. A rise in the number of producers
C. A shift demand
D. A change in costs
207. The price mechanism cannot:
A. Act as a signal
B. Act as an incentive
C. Act as a rationing device
D. Shift the demand curve
208. Which best describes consumer surplus?
A. The selling price that customers are willing to pay for a product
B. The cost of providing a unit
C. The profits made by a firm
D. The distinction between the value a customer assigns to a thing and the cost he/she will pay
209. The price mechanism does not act as a:
A. Signal
B. Incentive
C. Rationing device
D. Indicator of income
210. The law of demand states that:
A. As the quantity demanded rises, the price rises
B. As the cost rises, the amount requested rises
C. AS THE Price rises, the quantity demand falls
D. As supply rises the demand rises
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