11th Class Principles of Economics MCQS Part I: Definition of Economics Online Test 1

3-cp-3-e-according-to-the-law-of-diminishing-marginal-utility-2-c-marginal-utility-of-every-new-unit-3-a-3-c-2-fp-3-e_-_3-cp-3-edecreases-3-c-2-fp-3-e,3-cp-3-e-c-2-a-0-factor-of-production-which-is-used-to-earn-more-income-2-c-is-called-3-a-3-c-2-fp-3-e_-_3-cp-3-ecapital-3-c-2-fp-3-e,3-cp-3-e-demand-for-the-commodities-whose-use-can-be-postponed-is-3-a-3-c-2-fp-3-e_-_3-cp-3-emore-elastic-3-c-2-fp-3-e,3-cp-3-e-due-to-increase-in-wage-rate-2-c-the-supply-of-labour-will-3-a-3-c-2-fp-3-e_-_3-cp-3-eincrease-3-c-2-fp-3-e,3-cp-3-e-economic-problem-arises-because-human-wants-are-3-a-3-c-2-fp-3-e_-_3-cp-3-eunlimited-3-c-2-fp-3-e,3-cp-3-e-if-supply-of-a-commodity-is-fixed-then-due-to-fall-of-demand-of-that-commodity-3-a-3-c-2-fp-3-e_-_3-cp-3-e-its-price-will-decrease-3-c-2-fp-3-e,3-cp-3-e-income-elasticity-of-demand-is-concerned-with-3-a-3-c-2-fp-3-e_-_3-cp-3-eincome-and-demand-for-goods-3-c-2-fp-3-e,3-cp-3-e-marginal-revenue-product-curve-is-called-3-a-3-c-2-fp-3-e_-_3-cp-3-e-demand-curve-of-firm-3-c-2-fp-3-e,3-cp-3-e-marginal-revenue-product-is-the-amount-of-money-attained-by-selling-3-a-3-c-2-fp-3-e_-_3-cp-3-e-marginal-product-3-c-2-fp-3-e,3-cp-3-e-marginal-utility-at-the-point-of-satiety-is-3-a-3-c-2-fp-3-e_-_3-cp-3-ezero-3-c-2-fp-3-e,3-cp-3-e-one-of-the-following-is-not-called-land-3-a-3-c-2-fp-3-e_-_3-cp-3-e-supply-of-land-is-unlimited-3-c-2-fp-3-e,3-cp-3-e-production-of-the-last-unit-of-a-factor-of-production-is-called-3-a-3-c-2-fp-3-e_-_3-cp-3-emarginal-product-3-c-2-fp-3-e,3-cp-3-e-rent-of-the-building-2-c-interest-of-the-capital-and-salaries-of-the-permanent-staff-etc-are-called-3-a-3-c-2-fp-3-e_-_3-cp-3-efixed-costs-3-c-2-fp-3-e,3-cp-3-e-shut-down-point-appears-when-3-a-3-c-2-fp-3-e_-_3-cp-3-ear-3-d-avc-3-c-2-fp-3-e,3-cp-3-e-supply-of-perishable-goods-is-3-a-3-c-2-fp-3-e_-_3-cp-3-einelastic-3-c-2-fp-3-e,3-cp-3-e-the-name-of-first-law-of-consumption-is-3-a-3-c-2-fp-3-e_-_3-cp-3-elaw-of-diminishing-marginal-utility-3-c-2-fp-3-e,3-cp-3-e-the-other-name-of-law-of-constant-return-is-3-a-3-c-2-fp-3-e_-_3-cp-3-econstant-cost-3-c-2-fp-3-e,3-cp-3-e-the-specific-quantity-of-a-good-which-a-consumer-wishes-to-purchase-at-a-given-price-is-called-3-a-3-c-2-fp-3-e_-_3-cp-3-e-demand-3-c-2-fp-3-e,3-cp-3-e-to-increase-profit-a-firm-minimizes-3-a-3-c-2-fp-3-e_-_3-cp-3-e-costs-3-c-2-fp-3-e,3-cp-3-e-transfer-payments-include-3-a-3-c-2-fp-3-e_-_3-cp-3-epersonal-income-3-c-2-fp-3-e,to-whom-individuals-marshall-included-in-definition-of-economics-3-a_-_trading-professionals,which-economists-put-forward-the-concept-of-macro-economics-3-a_-_adam-smith,which-is-not-studied-in-macro-economics-3-a_-_price-theory,which-one-is-not-studied-in-micro-economic-3-f_-_national-income,who-did-name-economics-as-science-of-satisfying-unlimited-wants-with-limited-means-3-a_-_robbins