Explanation

• Expand means پھیلانا
• Shorten means گھٹانا
• Condense means مختصر کرنا

Last verified on 24-04-2026

Explanation

• Humble means عاجز
• Modest means عاجز

Last verified on 24-04-2026

Explanation

• Conceited means مغرور
• Bossy means دبنگ اور حد سے زیادہ اعتماد
• Impudent means غیر منقولہ

Explanation

• In questions with plural subject “houses”, we use do.
• Structure: How much do + plural subject + base verb
• “cost” is the correct base verb form (no “s/es”).
• So correct sentence is grammatically: How much do houses cost?

Last verified on 24-04-2026

Explanation

• MFN stands for Most Favored Nation.
• It is a principle in international trade (WTO system).
• It means giving equal trade treatment to all member countries.
• If one country gets benefits, others must also get the same.

Last verified on 24-04-2026

Explanation

• Tax cuts increase disposable income of people.
• This leads to higher consumption and investment.
• It increases aggregate demand and economic growth.
• Such policy is called Expansionary Fiscal Policy.

Last verified on 24-04-2026

Explanation

• The natural rate of unemployment exists when the economy is at full employment level.
• It includes frictional and structural unemployment.
• It does not include cyclical unemployment.
• It represents a stable long-run equilibrium situation.

Last verified on 24-04-2026

Explanation

• The monetary base is also called high-powered money.
• It includes currency held by public + bank reserves.
• It is the foundation of the money supply in an economy.
• Central bank controls it directly.

Last verified on 24-04-2026

Explanation

• Elasticity measures responsiveness of quantity demanded to price change.
• If elasticity is less than 1 (in absolute value), demand is inelastic.
• Here, -0.5 shows small response to price changes.
• So demand does not change much when price changes.

Last verified on 24-04-2026

Explanation

• In monopolistic competition, many firms sell similar but differentiated products.
• In the long run, new firms enter the market.
• This reduces profits until economic profit becomes zero.
• Firms only earn normal profit in long-run equilibrium.

Last verified on 24-04-2026