Economics MCQS

281. Which economics deals with an idealistic situation?
A) Normative economics
(B) Positive economics
(C) Both positive and normative economics
(D) None of the above

282. Ethics is:
(A) Positive economics
B) Normative economics
(C) Both positive and normative economics
(D) None of the above

283. Chemistry is?
(A) Normative economics
B) Positive economics
(C) Both A & B
(D) None of the above

284. _ is called an economic system of self-sufficiency and limited trade.
(A) Mixed economic system
(B) Command economic system
C) Autarky
(D) None of these

285. _ economic systems are prevailing in Pakistan:
A) Mixed economic system
(B) Capitalistic economic system
(C) Socialistic economic system
(D) Traditional economic system

286. Generally, the standard of living is measured by:
(A) GNP
(B) GDP
C) Real GDP per capita
(D) GNI

287. Ultimate burden of Tax is known as:
(A) Impact government
(B) Shifting of tax
C) Tax incidence
(D) All of the above

288. What is per capita sugar consumption in Pakistan:
(A) 18 Kg
(B) 21 kg
C) 25 kg
(D) 29 kg

289. In a job cost system, costs are accumulated:
A) By a specific Job
(B) By Department Process
(C) By Kind of Material used
(D) On A monthly basis

290. The principal factors to be considered in designing a cost system include:
(A) Manufacturing process
(B) Desires of management
(C) Nature of business
(D) Company organization structure
E) All of the above