Economic paper 1

[silver slick]

How was you're eco paper !!! Mine went fantastic
!!

 

[perfect1]

Uptill now, I only know about 1 mistake I have made, but I am expecting above 36.

 

[Ahsan Khan]

Uptill now, I only know about 1 mistake I have made, but I am expecting above 36.

What was your answer for the 40th question? The one with Balance of Payments and Appreciation/Depreciation?

 

[mrmt]

What was your answer for the 40th question? The one with Balance of Payments and Appreciation/Depreciation?

it was D

 

[perfect1]

Depreciation of the currency, and the balance of payment was going further negative.

 

[perfect1]

What were the answers for market failure MCQ (i think no. 9) , and no. 38

 

[mrmt]

What were the answers for market failure MCQ (i think no. 9) , and no. 38

for market failure it was monopoly one and i dont remember 38!

 

[perfect1]

number 38, what causes a rise in the exchange rate question.

 

[mrmt]

number 38, what causes a rise in the exchange rate question.

fall in imports

 

[muzirox]

Wt was the answer to qs of factors of production, i chose the first one regarding capital

 

[fahad khan]

hey dude what was the answer of 37 and 1

 

[hashim2]

what was the answer of the question in which the inflation went to 100%? I chose purchasing power of money was halved.

 

[hashim2]

for market failure it was monopoly one and i dont remember 38!

some people are saying that the answer to the market failure q was C. I chose monopoly myself but in a way the answer can be C.

 

[Waleed007]

Wt was the answer to qs of factors of production, i chose the first one regarding capital

Dude I also choose that first one. But people are saying that It was option D regarding 'Land is a natural factor that can be improved by human action' :S

 

[perfect1]

what was the answer of the question in which the inflation went to 100%? I chose purchasing power of money was halved.

that is correct.

Dude I also choose that first one. But people are saying that It was option D regarding 'Land is a natural factor that can be improved by human action' :S

I wrote A as well. My sir said roads and ports come under land, and equipment and machinery is obviously capital, so A is fine.

some people are saying that the answer to the market failure q was C. I chose monopoly myself but in a way the answer can be C.

What was option C?

 

[hashim2]

perfect1

Option C was " the closure of small, independent shops in rural areas" whereas option A was " a monopoly earning abnormal profits"

Also, roads and ports are capital. How can they be land? They are not natural but are constructed by humans!!

 

[:: A^]

Capital is man made aids to production, i put D. And as for market failure i put the prices for social costs :S im hoping for 35+ Insha Allah..

 

[walid bin khalid]

can someone tell the answer to the one regarding difficulty in calculating living standards in agriculture ,i put weather changes are nunpredictable!

 

[:: A^]

can someone tell the answer to the one regarding difficulty in calculating living standards in agriculture ,i put weather changes are nunpredictable!

i put the same!!

 

[mrmt]

can someone tell the answer to the one regarding difficulty in calculating living standards in agriculture ,i put weather changes are nunpredictable!

it was that since the ppl indulge in subsistence agriculture they consume what they produce themselves so no income is generated and hence it is difficult to calculate gdp it was regarding problems in measuring gdp.