Economics MCQS with Answers 1st Year
For an individual farmer, rent paid by him
is part of cost and affects price of his product
does not enter into price of his product
is unjustified
cannot be determined
The concept of differential rent is given by.
David Ricardo
Marshall
Hobson
Robbins
The wage which is paid in cash is known as.
Nominal wage
Real wage
Low wage
Excess wage
Money wages are also called
Net wages
Gross wages
Real wages
Nominal Wages
The rent which is paid in the short run due to perfectly inelastic supply of a factor is known as.
Scarcity rent
Deffertial rent
Economic rent
Quasi rent
This is not a function of the entrepreneur
lend money
innovate
supervise
prepare plan
Gross profit includes
monopoly profit
windfall profit
pure profit
all of the above
According to Ricardo rents are high because prices of produce of land are
low
none of the above
high
constant
Rent is calculated from
uncultivable land
most inferior land
most superior land
marginal land
In economic capital refers to
machinery and factories
trade mark
money
high quality goods
Continue Reading Go to Next Page
Google Ads