11th Class Principles of Economics MCQS Part I: Definition of Economics Online Test 2

3-cp-3-e-under-perfect-competition-2-c-a-firm-is-in-equilibrium-when-5-c-5-c-3-a-3-c-2-fp-3-e_-_3-cp-3-emr-3-d-mc-3-c-2-fp-3-e,3-cp-3-e-walker-2-c-senior-and-malthus-belonged-to-school-of-thought-3-a-3-c-2-fp-3-e_-_3-cp-3-eclassical-3-c-2-fp-3-e,3-cp-3-e-when-average-cost-falls-2-c-marginal-cost-is-average-cost-3-a-3-c-2-fp-3-e_-_3-cp-3-emore-than-3-c-2-fp-3-e,3-cp-3-e-when-average-production-decreases-2-c-marginal-production-3-a-3-c-2-fp-3-e_-_3-cp-3-eis-less-than-average-production-3-c-2-fp-3-e,3-cp-3-e-when-supply-increases-due-to-other-factors-besides-price-2-c-it-is-called-3-a-3-c-2-fp-3-e_-_3-cp-3-e-rise-of-supply-3-c-2-fp-3-e,3-cp-3-e-when-total-product-is-maximum-2-c-marginal-product-will-be-3-a-3-c-2-fp-3-e_-_3-cp-3-e-zero-3-c-2-fp-3-e,3-cp-3-e-when-total-revenue-and-total-cost-of-a-firm-are-equal-2-c-the-firm-earns-3-a-3-c-2-fp-3-e_-_3-cp-3-enormal-profit-3-c-2-fp-3-e,3-cp-3-e-which-is-not-counted-in-national-income-3-a-3-c-2-fp-3-e_-_3-cp-3-etransfer-payments-3-c-2-fp-3-e,3-cp-3-e-which-laws-cannot-be-predicted-3-f-3-c-2-fp-3-e_-_3-cp-3-esocial-laws-3-c-2-fp-3-e,3-cp-3-e-which-one-of-the-following-does-not-include-in-national-income-3-f-3-c-2-fp-3-e_-_3-cp-3-eservice-of-domestic-woman-3-c-2-fp-3-e,according-to-robbins-2-c-the-basic-subject-matter-of-economics-is-3-a_-_economic-problem,are-included-in-welfare-economists-3-a_-_kannon-and-pigou,do-not-acting-upon-economics-laws-3-a_-_only-people-not-acting-2-c-suffers-loss,economic-problem-arises-because-human-wants-are-3-a_-_unlimited,economics-studies-human-behaviour-from-3-a_-_both-individual-and-collective-angles,study-of-large-aggregates-of-economic-system-is-called-3-a_-_macro-economics,the-most-clear-and-comprehensive-definition-is-given-by-3-a_-_robbins,the-name-of-neo-classical-economist-is-3-a_-_marshal,the-subject-matter-of-macro-economics-is-3-a_-_international-trade,to-which-area-of-britian-adam-smith-belonged-3-a_-_scotland,which-characteristic-is-not-found-in-economic-laws-3-a_-_definite-universal,which-good-is-named-bible-of-capitalism-3-a_-_wealth-of-nations,which-kind-of-problem-is-discussed-in-macro-economics-3-a_-_international-trade,who-did-give-economics-the-status-of-positive-science-3-a_-_robbins,who-said-that-economics-is-science-of-wealth-3-a_-_adam-smith