Category: Pakistan Affair

A )Peak

B)Recession

C)Recovery

D) Another trough

A )Unemployment

B)Inequality

C)Poverty

D)Scarcity

A )The use of Markets

B)Government ownership of Capital goods

C)Private ownership capital goods

D)Private ownership of homes & cars

A )The law of increasing marginal cast

B)That production is inefficient

C)That production is unattainable

D)The demand of relatively inelastic

A )As quantity demand rises, price rises

B)As the price rises, quantity rises

 C)As the price rises, quantity demand falls

D)As supply rises, the demand rises

A )The greater is the time under consideration

B)the greater is the number of substitutes available to buyers

C)The less is the product in relation to incomes                         

D)All of above

A )a price ceiling

B)a price floor

C)equilibrium prices

D)none of above

A )Shortages

B)surpluses

C)equilibrium

D)none of above

A )Shortages

B)Surpluses

C)equilibrium

D)none of above

A )Rating by first-come, first served

B)Black Market

C)Gray market

D)Seller providing goods for free that we were formally not free