Tests of Economics

If marginal utility is zero, Total utility is_____:-

Under  a  simple  cournot   duopoly   model ,  each   duopolist  will  produce  :-

If the price elasticity is -0.3, this means:-

The  diamond  water   controversy  is  explained by ;-

Cardinal   utility   measurement   is  required  in  :-

If the price in a market is fixed by the government above equilibrium there is ______:-

The speculative demand for money occurs when:-

A recurring theme in economics is:-

The  cost  that a  firm  incurs  in  hiring   any  factor of  production  is  referred   to  as ;-

Who  stated  'Money   is  the  pivot  around  which  the  economic  science   clusters :-

Increased unemployment benefits and less incentive to work would:-

What is not a feature of private finance:-

Nationalization occurs when:-

In economics the term ' scarcity' refers to the fact that:-

In perfect  competition  ,  in the long  run  there  will  be  no  :-

Law  of  return  applies to  firms  working  in :-

If firms join together to set prices and quantities, this is known as what:-

The profit per sale is a measure of:-

Contribution of industrial sectors in Pakistan GDP is:-

The  necessary condition   for  equilibrium  position of  a  firm  is  :-

The  producer  is  in  equilibrium  at  a  point  where  the  cost  line is :-

The philip curve shows the relationship between inflation and____;-

If a  firm  shuts  down  temporarily  it  will  incur  loss  equal  to  :-

People do not care for environment problems because of:-

If the price is less than the average costs but higher then the average variable cost:-