Economics MCQS with Answers 1st Year
Qd = 50 – 5P people will demand 50 when price of the product is:
Very low
Zero
Unity
Very high
Productivity of capital depends upon
quality of labour
quality of raw materials
quality of management
all of the above
To the economist, investment refers to
decrease in inventories
creation of new capital
sale of real estate
purchase of a prize bond
How many functions of capital
4
6
5
7
The government constructed a new water reservoir for the purpose of irrigation; this might be taken as
increase in supply of land
increase in supply of capital
increase in natural resources
increase in supply of land and supply of capital
How many various forms of capital
10
9
7
8
Qd = 12 – 2P
2 & 8
4 & 10
None of the three
4 & 8
Which of the following is NOT capital as economists use the term
an industrial robot
money
machinery in a factory
an office building
Which is NOT a cause of slow capital formation in Pakistan
low rate of taxes
bad governance
poverty
illiteracy
A factory is an example of
entrepreneurship
capital
none of the above
natural resources
Continue Reading Go to Next Page
Google Ads