Economics MCQS with Answers 1st Year
Wealth of Nations was written in
1976
1676
1776
1876
Which statement relates to macroeconomics
Oil prices are rising in Pakistan
The government had failed to control inflation
Profit rate is high in textile industry
The firms try to make huge profits
Wealth of Nations was written by
Marshall
Adam Smith
Malthus
Newton
Economic principle are also called
all of the above
economic law
economic model
economic theory
Economic laws are
natural
Scientific
unreal
moral
Which laws are implemented with an executive authority .
Economic laws
Moral laws
Physical laws
State laws
Who was the exponent of welfare economics.
Alfred Marshall.
J.M. Keynes.
Adam smith.
Lionel Robbins
All materials goods which can satisfy humans wants are called.
Non economic goods
Services
Economic goods
Capital goods
Who was the exponent of macro economics in recent times.
Adam Smith
J.M. Keynes
Maithus
Marshall
Adam Smith wrote a book entitled “An enquiry into the nature and causes of wealth of nation” in.
1784
1796
1776
1792
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