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Author Topic: MCQ. ECONOMICS P1  (Read 1601 times)

Offline missbeautiful789

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MCQ. ECONOMICS P1
« on: November 04, 2010, 03:14:24 pm »
Hey guyz...
PLease would some one help me on a mc paper
2002 may/june
-Q1..the answer is A but why not B
-Q4 the answer is A but why not D
-Q5  answer is C why not the rest :)
-Q7 answer is D, which i got correct, but why not B
-Q13-16
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Allâhumma innî a‘ûdhu bika min al-hammi wa al-hazan. Wa a‘ûdhu bika min al-‘ajzi wa al-kasal.

Wa a‘ûdhu bika min al-jubni wa al-bukhl. Wa a‘ûdhu bika min ghalabat id-dayni wa qahr ir-rijal.

{Oh Allah, I seek refuge in You from worry and grief, from helplessness and laziness, from cowardice an

Freaked12

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Re: MCQ. ECONOMICS P1
« Reply #1 on: November 04, 2010, 03:39:09 pm »
Quote from: Salahuddin_Ansari on November 04, 2010, 03:14:24 pm
Hey guyz...
PLease would some one help me on a mc paper
2002 may/june
-Q1..the answer is A but why not B
-Q4 the answer is A but why not D
-Q5  answer is C why not the rest :)
-Q7 answer is D, which i got correct, but why not B
-Q13-16
1 is A because the PPF will shift inward if the labor force shrinks, the supply of raw materials is depleted, or a natural disaster strikes.
Shrinking of labour could also mean more machinery is being employed by Firms which will boost production.
4- Balancing social costs and benefits is the main objective in a Planned economy.Government will try to finish the negative externalities and bring in more positive externalities.
5-It must be limited in Supply because if there is no shortage, there will be no value of money and therefore people would stop trusting money as a source of payment.
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Freaked12

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Re: MCQ. ECONOMICS P1
« Reply #2 on: November 04, 2010, 03:44:28 pm »
16-The triangular area x in the diagram
measures the deadweight loss to society from producing output OQ. The social cost is the area below the
MSC curve.

taken from examiner report
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Offline missbeautiful789

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Re: MCQ. ECONOMICS P1
« Reply #3 on: November 04, 2010, 03:52:19 pm »
Quote from: Requiem on November 04, 2010, 03:44:28 pm
16-The triangular area x in the diagram
measures the deadweight loss to society from producing output OQ. The social cost is the area below the
MSC curve.

taken from examiner report

Thanx +rep..:)
 Please help with Q10 and 11.. dont get the examiners report
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Allâhumma innî a‘ûdhu bika min al-hammi wa al-hazan. Wa a‘ûdhu bika min al-‘ajzi wa al-kasal.

Wa a‘ûdhu bika min al-jubni wa al-bukhl. Wa a‘ûdhu bika min ghalabat id-dayni wa qahr ir-rijal.

{Oh Allah, I seek refuge in You from worry and grief, from helplessness and laziness, from cowardice an

Freaked12

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Re: MCQ. ECONOMICS P1
« Reply #4 on: November 04, 2010, 03:54:52 pm »
yes wait

i am trying to form a logical explaination
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Freaked12

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Re: MCQ. ECONOMICS P1
« Reply #5 on: November 04, 2010, 04:11:35 pm »
In question 10
It says the equilibrium price is 2000 (from 4 units)

You can see the firm Z is 2 units short of equilibrium price so it would be the buyer and firm X has two surplus units so it would want to sell to reach the equilibrium point therefore the answer is D
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Freaked12

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Re: MCQ. ECONOMICS P1
« Reply #6 on: November 04, 2010, 04:19:35 pm »
i think 11 should be A

but its giving C :/
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Alpha

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Re: MCQ. ECONOMICS P1
« Reply #7 on: November 05, 2010, 07:27:10 am »
"It also depends directly on the level of output of Firm Y."

Firm X does not participate in the output generation of firm Y, but it is still dependent on it. Firm X is bearing the consequences of firm Y's production activities => it is an externality for firm X.

A cannot be the answer, cause you are told the output depends, not the demand.

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Offline the winner

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Re: MCQ. ECONOMICS P1
« Reply #8 on: November 06, 2010, 07:01:52 pm »
are mcq tougth for AS LEVEL
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Alpha

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Re: MCQ. ECONOMICS P1
« Reply #9 on: November 07, 2010, 09:45:54 am »
Quote from: the winner on November 06, 2010, 07:01:52 pm
are mcq tougth for AS LEVEL

Not if you are well prepared.

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Offline missbeautiful789

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Re: MCQ. ECONOMICS P1
« Reply #10 on: November 08, 2010, 07:24:45 am »
Could someone please help me with 2006 november Q27....
thank you
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Allâhumma innî a‘ûdhu bika min al-hammi wa al-hazan. Wa a‘ûdhu bika min al-‘ajzi wa al-kasal.

Wa a‘ûdhu bika min al-jubni wa al-bukhl. Wa a‘ûdhu bika min ghalabat id-dayni wa qahr ir-rijal.

{Oh Allah, I seek refuge in You from worry and grief, from helplessness and laziness, from cowardice an
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