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.Management Sciences
Category: Economics Mcqs
The formula for the Laspeyres price index is (o is the base year and n is the given year) ?
A. P = ∑Poqo/∑poqo
B. P = ∑Poqo/∑pnqn
C. P = ∑Pnqo/∑poqo
D. P = ∑Poqn/∑poqo
The population pf Pakistan according to 1998 Census is ?
A. 142.5 million
B. 148.5 million
C. 151.0 million
D. 145.4 million
The analysis considers the ability of domestic and foreign price of adjust to devaluation in the short run ?
A. pass through
B. absorption
C. adjustment mechanism
D. currency contract period
The argument that U.S current account deficits cause net job losses for Americans ?
A. is true by definition in all possible circumstances
B. is supported by recent U.S history
C. focuses only on the overall economy and is thus always true
D. fails to recognize that a current account deficit is matched by an equal inflow of foreign funds which finances employment increasing investment spending
In the calculation of gross domestic product net exports are ?
A. the sum of merchandise trade and services
B. the current account plus long-term capital
C. the value of merchandise exports minus imports
D. short-term capital plus the basic balance
The balance on current account ?
I- equals the absolute value of the balance on capital account
II- is financed by savings
III- is net grants minus remittances
IV- includes goods services and unilateral transfers
A. I and II only
B. II and III only
C. I and IV only
D. None of the above
In Porter’s five force model conditions are more favorable for firms within an industry if ?
A. Buyer power is high
B. Supplier power is high
C. Entry threat is low
D. Substitute threat is high
The opportunity cost of a student is____________?
A. Course fees and rent
B. A loan from the bank
C. What the student could have earned in the best job available by not studying
D. What the student will earn after graduation
Which of the following is NOT one of the problems facing most developing nations ?
A. Food shortages
B. Foreign debt
C. Rapid population growth
D. Labor shortages
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