Economics Mcqs
As the number of sellers in an oligopoly grows larger, an oligopolistic market looks more like ?

A. Monopoly
B. A competitive market
C. Monopolistic competition
D. A collusion solution

The fifth Census was held in ?

A. 1978
B. 1988
C. 1998
D. 2000

The present death rate per thousand in Pakistan in ?

A. 7.1 persons
B. 11 persons
C. 13 persons
D. 14 persons

If a few firms dominate an industry the market is known as ?

A. Monopolistic competition
B. Competitively monopolistic
C. Duopoly
D. Oligopoly

In the kinked Demand Curve theory it is assumed that ?

A. An increase in price by the firm is not followed by others
B. An increase in price by the firm is followed by others
C. A decrease in price by the firm is followed by others
D. Firms collude to fix the price

In Game Theory ?

A. Firms are assumed to act independently
B. Firms are assumed to cooperate with each other
C. Firms collude as part of cartel
D. Firms consider the actions of others before deciding what to do

Which of the following is most urbanized area in Pakistan ?

A. K.p.k
B. Sindh
C. Punjab
D. Baluchistan

The second major profession in Pakistan is ?

A. Agriculture
B. Industry
C. Trade
D. Civil service

The largest spoken language in Pakistan is ?

A. Urdu
B. Panjabi
C. Sindhi
D. Pushto

Which is the most thinly populated province of Pakistan ?

A. K.p.k
B. Punjab
C. Baluchistan
D. Sindh