ECO401 VU Current Final Paper Spring July 2012

Paper 1:

MCQs = 56 Questions= 8
Q1: Differentiate between Mo, M1 and M2 components of money supply. (3 marks)
Q2:Difference between Real Exchange Rate and Nominal Exchange Rate. ( 3 marks)
Q3:When Real wage unemployment Occur? Discuss. (3 marks)
Q4:What are the sources of borrowing ,By which Govt. can remove the fiscal deficit? (3 marks)
Q5:Differentiate between 2nd degree price discrimination and 3rd degree price discrimination. (5 marks)
Q6:Differentiate between frictional unemployment and structural unemployment. (5 marks)
Q7:Why could world on the whole not have current account deficit? discuss( 5 marks)
Q8: Why there is Always uncertainty in VU solutions consumer behavior?? Discuss (5 marks)

Paper 2: 

short Qs
equilibrium point nakal k quantity demanded n quantity
suppplied nikalni thi
wat is BOP??
MM calculate krna tha….
diffrence b/w demand pull and cost pull inflation??
on wat basis countries gain from trade??
aik Q tha GNP n NNP find krna tha…
isocost and budget line

Paper 3:

Q1=Difference between cyclical unemployment and technological unemployment. 3 marks

Q2= Explain the slope of money supply with help of daigram. 5 marks

Q3Differece btw cardinal and ordinal approach of utility? 3 marks

Q4=Explain Engal curve for normal commodity with the help of daigram. 5 marks

Q5=Explain the growth through trade strategy.why it is fail 5 marks

Q6=1 table diya hua tha jis ma gdp find krna tha.5 marks
all are mcq’s which are not 4rm past paper.so plz prepare whole buk as wel as the past paper too.

Paper 4:

totol question 64
objective 56
what is current account and how to reduce deficit
what is LP curve and make the diagram
what is equilibrium reasons in the compitation & monoplists
define marginal curve in the monobilists
what countries are poor and what are the causes of pooreness
remainning 2 question of also from last chpters
and majority of mcqs from last chpter and marginal consumption

Paper 5:

Total questions = 64
Total mcq’s = 56
Short questions of 3 marks;
Define the relationship between monopoly and price elasticity of demand?
Explain concept of accelerator in your own words?
Differentiate actual and potential GDP?
Define money supply curve with VU solutions the help of diagram?
Long questions of 5 marks;
Define Philips curve with the help of diagram.
Balance sheet of UBL bank and calculation of money multiplier.
Price of margarine is increase, what would be the effect of demand
and supply curve on the butter, explain with the help of diagram.
Calculation question in which NNP and GNP was required

ECO401 VU Current Final Paper Spring 2012

total question 64
mcqz 57. 30% from past papers. and overall
7 long questions. from last chapters only
1.Pull demand inflation, cost push inflation ( 5 marks)
2. how growth rate determined in exogenous growth rate? 3
3. discuss the functions of money
4. why taxation is necessary? and discuss principles.
5. inflation and deflation
and two diagrams question, one of a circular flow chart of house holds and firm sector, describe the functions of both. 2nd yad nh
i

ECO401 Quiz No 3 Spring 2012

 ECO401 VU Quiz No 3 Solved Spring 2012

Question # 1 of 10 ( Start time: 12:22:29 AM ) Total Marks: 1
————— is the rate at which a firm can substitute capital for labor and hold output constant.
Select correct option:
Diminishing marginal returns
Marginal rate of substitution
Marginal rate of production
Marginal rate of technical substitution
Question # 2 of 10 ( Start time: 12:23:48 AM ) Total Marks: 1
An increase in the total output of a country over time is called:
Select correct option:
Inflation
Economic growth
Economic development
Unemployment
farm can produce 100 kilogram of apples per year with 2 workers and 400 kilogram of apples per year with 3 workers. The marginal product of the third worker is:
Select correct option:
100 kilogram.
300 kilogram.
400 kilogram.
500 kilogram.
Question # 4 of 10 ( Start time: 12:26:12 AM ) Total Marks: 1
According to the Real Business Cycles (RBC) School, fluctuations in output occur because of:
Select correct option:
Change in price level.
Change in technology.
Change in aggregate demand.
Unanticipated change in demand management policies.
Question # 5 of 10 ( Start time: 12:27:40 AM ) Total Marks: 1
Suppose the consumption function is C = 200 + 0.6 Yd. What is marginal propensity to consume?
Select correct option:
6
60
0.6
600
Question # 6 of 10 ( Start time: 12:29:08 AM ) Total Marks: 1
A risk neutral person always has ___________ marginal utility of income.
Select correct option:
Diminishing
Increasing
Undefined
Constant
Question # 7 of 10 ( Start time: 12:30:38 AM ) Total Marks: 1
ABC Company is running a business of car manufacturing and finds sharp increase in prices of spare parts which in turn increases cost of manufacturing cars. This increase in cost of production will:
Select correct option:
Shift demand curve for cars to the right.
Shift demand curve for cars to the left.
Shift supply curve for cars to the left.
Bring no change in demand or supply curves for cars.
Question # 8 of 10 ( Start time: 12:32:05 AM ) Total Marks: 1
The saving function is:
Select correct option:
The level of planned saving for every change in disposable income.
The level of planned saving at different levels of disposable income.
The ratio of total saving to total disposable income.
The ratio of a change in planned saving to a change in disposable income.
Question # 9 of 10 ( Start time: 12:33:31 AM ) Total Marks: 1
Suppose supply of agricultural products is price inelastic and government decides to increase taxes on agricultural products. More of the tax burden in this case would fall on:
Select correct option:
Producers.
Consumers.
Government.
Both producers and consumers.
Question # 10 of 10 ( Start time: 12:35:00 AM ) Total Marks: 1
If marginal product is below average product:
Select correct option:
The total product will fall
The average product will fall
Average variable costs will fall
Total revenue will fall