Tests of Economics

Economics MCQs

64

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Economics Quiz

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A  firm  having   least  costs  combination  is  :-

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Which  oligopoly  models  is concerned  with the  maximization  of  joint  profits :-

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Which  is  not  a   function of  the  new  issue   market :-

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Excess   capacity  is  not  found  under  :-

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The  learner   index measures :-

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It is not included in the estimation of national income:-

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Standard  of living   of  a country   can  be  raised   if  it increase :-

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The main purpose  of  a  business  firm  is  to earn profit :-

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An increase in consumption at any given level of income is likely to lead to:-

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Less demand in the economy may increase unemployment which lead to less spending which may reduce demand further. This is called:-

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Ricardo  is  famous  :-

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When  marginal  revenue  is  zero  total  revenue  is ;-

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Profit is measured by:-

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The  demand  curve  facing   a   perfectly   competitive   firm  is :-

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In a recession, GDP:-

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In a cartel:-

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If labor productivity per week is 200 units and there are 5 employees what is the total output:-

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A model of game theory of oligopoly is known as the:-

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Price  and  demand   are  positively  correlated   in case  of ;-

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There are three fundamental questions every society must answer. which of the following is one of these answer:p-

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According to Keynes ,  investment  means   establishment  of  new  factory ;-

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Investment is:-

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Pure  profit  is  the  return in excess   of  the  opportunity  cost :-

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If the marginal revenue is less than the marginal costs then profit maximize  a firm should:-

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A  marginal  firm  is  one which   will  be  the  first  to  leave   the  industry  , if   the  price  falls ;-

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