About what share of the total labour force does agriculture employ?
Correct answer A. 45%
Subject / 2,616 questions
Economics MCQs
Page 128 of Economics multiple-choice questions with answers. Tap an option to check yourself.
Page 128 of 131
- Miscellaneous Economics 737
- Basic of Economics 430
- Markets, Efficiency And The Public Interest 167
- Agriculture & Irrigation System of Pakistan 126
- Market 87
- Macroeconomic Issues and Analysis 75
- Money, Interest Rates And Output 73
- Introduction To Economics 70
- Population And Development 62
- Profit Maximizing Under Perfect Competition And Monopoly 56
- Income Inequality 52
- Non-Tariff Trade Barriers 48
- Aggregate Supply, Unemployment And Inflation 45
- Natural Resources and the Environment Toward Sustainable Development 44
- Costs , Supply And Perfect Competition 44
- Human Capital 42
- Labour Market 39
- Monopoly 35
- Long Term Economic Growth 30
- Inflation & Productivity 30
- Regional Trading Arrangements 29
- Characteristics and Institutions of Developing Countries 24
- Oligopoly 23
- Consumer Theory vs. Real Consumers 20
- Applied Microeconomics 20
- Alternative Theories Of The Firm 20
- Public Goods 20
- Balance of Payments, Aid and Foreign Investment 19
- Prices, Wages & Taxes 19
- Comparative GDP 19
- Budget Deficits And The Trade Balance 18
- Macroeconomic Policy Tools 18
- Asymmetric Information 17
- Application of Economics 16
- Production Factors 16
- Monopoly & Competition 15
- Capital Formation, Investment Choice, Information Technology, And Technical Progress 15
- Monetary, Fiscal And Incomes Policy, And Inflation 15
- Average And Total Cost 14
- Poverty, Malnutrition, And Income Inequality 12
- Monetary Union 10
The natural rate of unemployment is generally taken to be the sum of which two types of unemployment?
Correct answer A. Frictional unemployment and structural unemployment
Sindh has a total land area of 14.1 mha (34.84 million acres). How much of it is cultivated?
Correct answer C. 39 % or 5.45 mha
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How much does agriculture contribute to the country’s GNP?
Correct answer D. 20.9%
Measured unemployment can be pushed below the natural rate, but under what condition?
Correct answer D. Only in the short run, and not without inflation
What share of total export earnings comes from agriculture?
Correct answer D. 60%
Which school of economic thought suggested that inflation could be caused by a push from the cost side?
Correct answer B. Keynesians
What was the annual growth rate of agriculture in 2010-11?
Correct answer C. 5%
What relationship does the Phillips curve graph show?
Correct answer B. The inflation rate and the unemployment rate
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What did the view of the Phillips curve common in the 1960s imply about policies?
Correct answer C. Lower unemployment rate will tend to raise the inflation rate
The Triple Canals Project carried surplus water from the Jhelum to the Chenab, and from the Chenab to which river?
Correct answer B. Ravi
Which group of economists developed the expectations-augmented Phillips curve?
Correct answer D. Monetarists
How much investment has been made in the agriculture sector?
Correct answer B. 45.9 billion
What is an unspoken agreement between workers and a firm that wages will not be cut called?
Correct answer D. An implicit or social contract
Which sector is the dominant source of foreign exchange earnings?
Correct answer A. Agriculture
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Explicit contracts may lead to layoffs in recessions, yet they can still be efficient. Why?
Correct answer B. Minimize negotiation costs
How many reclamation schemes has the government completed?
Correct answer C. 80
What are Pakistan’s main agricultural crop seasons?
Correct answer B. Kharif and Rabi
A person feels better off after a 10% pay rise even though all prices have also risen by 10%. What are they experiencing?
Correct answer A. Inflation illusion
Which of these crops is sown in the rabi season?
Correct answer A. Wheat