Economics Multiple Choice From Books Chapters
1: When the supply and demand fall together then the price will be…
a: remain constant
b: fall
c: rise
d: elastic
e: none
2: a labourer resigns from service to start his own business is called…
a: geographical mobility
b: social mobility
c: horizontal mobility
d: occupational mobility
e: vertical mobility
3: The deposit of commercial banks is called…
a: real capital
b: domestic capital
c: money capital
d: foreign capital
e: fixed capital
4: ……… is a capital…
a: toy
b: novel book
c: plough
d: radio
e: none of them
5:Which of the following presents internal and externat rule…
a:pareto
b: alfred marshall
c: robbins
d: j.m.keynes
e: david ricardo
6: Marginal economics means…
a:important
b: unimportant
c: the minimum unit
d: additional
e: just barely passing
7: Buyers and sellers come in contact with each other where…
a: products are sold
b: price remains constant
c: market
d: price fluctuates
e: all of them
8: one of the following present the concept of perfect competition…
a: malthus
b: marshall
c: robbins
d: adam amith
e: smith
9: Under monopology there is a difference between firm and industry …
a: yes
b: no
c: wrong
d: both a and b
e: none of them
10: Average fixed cost curve is a….
a: U shaped curve
b: marginal cost curve
c: average fixed cost curve
d: average variable cost curve
e: marginal revenue curve
11: a tax on anual income of a person is …… and a tax on cigarettes is……?
a: proportional tax
b: indirect tax
c: direct tax
d: both a and b
e: both b and c