A. The price of houses in karachi
B. The wage rate for plumbers in Islamabad
C. Your decision to work or stay at home
D. The level of unemployment is pakistan
Economics Mcqs
Market failure may arise because of ?
A. imperfect competition
B. taxation
C. externalities
D. missing markets
E. all of the above
Which of the following is not involved with fiscal policy ?
A. Income tax
B. National insurance
C. VAT
D. Interest insurance
A good example of a public good is ?
A. public transport
B. the national health service
C. national defence
D. rail transport
Which of the following is not a macroeconomic issue ?
A. Unemployment
B. Inflation
C. The wages paid to footballers
D. Economic growth
Satellite television subscription and television detection devices are ways in which broadcasting companies address the …….. problem?
A. externality
B. market imperfection
C. deadweight burden
D. free rider
Which of the following is a policy instrument as opposed to a government objective ?
A. lower interest rates
B. A better balance of trade position
C. Faster economic growth
D. Lower unemployment
Which of the following is not likely to be government objective ?
A. Increasing employment
B. Increasing economic growth
C. Increasing government spending
D. Increasing the level of exports
The percentage of the labour force that is unemployed is the ?
A. Unemployment population ratio.
B. Unemployment rate
C. employment rate
D. Labour force rate.
Since 1998 many government have defined unemployment using ?
A. a labour force survey.
B. the number out of work and claiming benefit
C. the percentage of the labour force not in work
D. the ILO/OECD standardised unemployment measurement