311. Advantages of the deductive method of economic theory can be:
A) Simple method
B) Universally applicable
C) Accurate result
D) All of the above
312. _ sector contributes the major share in the economic activity of Pakistan.
(A) Agriculture
(B) Industrial
C) Services
(D) Manufacturing
313. Population growth rate of Pakistan 2021 is about:
(A) 0.5%
(B) 1%
C) 1.9%
(D) 2.5%
314. The main cause of the export surplus is:
(A) The country’s stringent import policy
(B) The country’s exports promotion value
(C)) Developments in national and international markets
D) None of the above
315. Pakistan is the biggest importer of:
(A) Machinery
B) Petroleum
(C) Plastic
(D) Tea
316. Current monetary policy rate in Pakistan is _ per annum:
(A) 9%
(B) 11%
(C) 13%
D) 15%
317. The sale of branded articles is common in the situation of:
(A) Pure competition
(B) Monopoly
C) Monopolistic competition
(D) Excess supply
318. In General, the short-run supply curve of labor in:
A) Upward sloping
(B) Downward sloping
(C) Saucer-shaped
(D) None of them
319. The supply curve of a composite firm:
A) Is the whole marginal cost curve
B) Is the MC above the AVC
C) Is the ATC
D) Does not exist
320. Which of the following statements is true?
A) Social cost = Private cost = externalities
B) Social cost = Cost of production
C) Social cost = Private cost + external cost position
D) None of them
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