Pakistan Legal Academy
إِنَّ اللَّهَ يُحِبُّ الْمُقْسِطِينَ
بے شک اللہ انصاف کرنے والوں کو پسند فرماتا ہے۔
“Empowering Legal Minds for a Just Tomorrow“
پاکستان لیگل اکیڈمی راولپنڈی
Economics Quiz
1 / 25
General price is that value which has no possibility of being established in the long run . This statement is ;-
2 / 25
The responsiveness of demand to a change in price is measured by ;-
3 / 25
Cartel is an informal agreement among the firm to avoid competition:-
4 / 25
Who was the author of Value and capital:-
5 / 25
An increase in aggregate demand if aggregate supply is totally inelastic will:-
6 / 25
A government might use tac to discourage consumption of:-
7 / 25
Who was the author of 'Das Capital ' which gave birth to Communism :-
8 / 25
Income elasticity of demand for normal goods is always ;-
9 / 25
Under perfect competition , demand curve is perfectly elastic :-
10 / 25
When one event occurred before another event, the fallacy in the economics reasoning that the first event caused the second event is called:-
11 / 25
Which laws are implemented with the executive authority:-
12 / 25
Tobin tax is one of the applicable to :-
13 / 25
In the long run in a perfect competition;-
14 / 25
Subsidies are used to encourage ___ of a commodity:-
15 / 25
Direct taxes are not included in:-
16 / 25
Pakistan export as percentage GDP are:-
17 / 25
Treasury bill is used for:-
18 / 25
An increase in the supply of a commodity is caused by improvement in technology :-
19 / 25
The resources in the economy do not include:-
20 / 25
Pakistan started its planning experience with:-
21 / 25
Which goods is likely to have perfectly inelastic demand ;-
22 / 25
When we assume that what is true for the part is also true for the whole, we are committing:-
23 / 25
Forecasting is rarely perfect :-
24 / 25
When marginal revenue is zero total revenue is ;-
25 / 25
The marginal rate of tax paid is:-
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