Economics MCQS with Answers 1st Year
General price level and real income of the people are correlated with each other
Negatively
Positovely
Sub normally
Normally
Shopkeepers are also producers because in goods, they produce.
Use utility
Place utility
Form utility
Time utility
A consumer in equilibrium when marginal utilities are
equal
increasing
highest
minimum
One of the following will not be the income of a person.
Profit
Salary
Sccholarship
Wages
the term marginal in economics means
additional
unimportant
just barely passing
the minimum unit
The utility of durable consumer goods.
Perishes, if not used
Diminishes with the passage of time
None of the three
Can be obtained constantly
.Which one is not an economic want.
Want to fall in love
Non of the above
Want to be a doctor
Want for food
Rotten eggs are
wealth
service
economic good
free good
Human wants are
few
one thousand
innumerable
countable
Food, Shelter and clothing are:
None of three
Necessities
Comfort
Luxuries.
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