Economics MCQS with Answers 1st Year
He put forward the theory of profit
Anyson
Knight
Keynes
Adam Smith
Gov. of Pakistan introduced labour policy for the first time in.
1959
1948
1955
1950
According to Prof. Knight risks are of …… kinds
4
3
2
many
Net rent is also called.
Quasi rent
Scarcity rent
Different rent
Economic rent
The following affect rent EXCEPT
cleverness of landlords
scarcity of land
fertility of land
better location
He presented a theory of rent
Marshall
Allama Iqbal
Ricardo
Malthus
Interest is paid because
capital is scarce
capital is attractive
a and b of above
capital is productive
Quasi rent
is permanent
is temporary
arises in long run only
means high rent
Money wages are also called
Gross wages
Net wages
Nominal Wages
Real wages
Profits
all of the above
can be negative
are lower in the long run than in the short run
are less in perfect competition than in monopoly
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