If a consumer spends more on a product after a fall in supply, then demands is _____.

1. 1. Inelastic
   2. Volatile
   3. Unitary elastic
   4. Elastic

The factor of production of economics are _____.

1. 1. Four
   2. Six
   3. Three
   4. Two

If Pakistani citizen become less concerned with the future and save less at each real Interest rate:

1. 1. real Interest rates rise and Investment rises
   2. real Interest rates rise and Investment falls
   3. real Interest rates fall and Investment falls
   4. real Interest rates fall and Investment rises

the difference between right and wrong is merely a human _____.

1. 1. tradition
   2. Value
   3. Convention
   4. need

Planned spending is defined as all spending except _____.

1. 1. Unintended increase in Savings
   2. Unintended increase in Interest rate
   3. Unintended  increase in inventories
   4. Unintended increase in inflation

Monopolist cannot be in equilibrium at a level of output where elasticity of demand is _____.

1. 1. Equal to 1
   2. More than 1
   3. Less than 1
   4. Zero

In Case of monopolistic competition, equilibrium takes place at the point where _____.

1. 1. MR- MC
   2. MR MC
   3. MR CM
   4. MC is less than zero

The concept of Pareto optimum is also called as _____.

1. 1. Economics Efficiency
   2. Production Efficiency
   3. Consumption Efficiency
   4. Distribution Efficiency

The _____ is the value imputed to any final assets because of its ease of conversion into a medium exchange.

1. 1. Portfolio Investment
   2. Liquidity Premium
   3. Liquidity Trap
   4. Yield-bearing Assets

With full-employment in economy, aggregate supply curve is _____.

1. 1. Upward sloping
   2. Horizontal
   3. Vertical
   4. Downward sloping