11th Class Principles of Economics MCQS Part I: Determining Factors of Production (Final Productivity) Online Test 1

3-cp-3-e-after-subtracting-depreciation-allowance-from-gnp-3-a-3-c-2-fp-3-e_-_3-cp-3-enet-national-income-3-c-2-fp-3-e,3-cp-3-e-all-the-factors-of-production-can-be-hired-except-3-a-3-c-2-fp-3-e_-_3-cp-3-e-organization-3-c-2-fp-3-e,3-cp-3-e-average-revenue-curve-under-perfect-competition-is-3-a-3-c-2-fp-3-e_-_3-cp-3-e-horizontal-3-c-2-fp-3-e,3-cp-3-e-average-revenue-is-equal-to-3-a-3-c-2-fp-3-e_-_3-cp-3-emarginal-revenue-3-c-2-fp-3-e,3-cp-3-e-economics-according-to-its-scope-is-3-a-3-c-2-fp-3-e_-_3-cp-3-escience-and-art-3-c-2-fp-3-e,3-cp-3-e-equilibrium-level-of-national-income-means-that-point-where-3-a-3-c-2-fp-3-e_-_3-cp-3-e-saving-3-d-investment-3-c-2-fp-3-e,3-cp-3-e-if-demand-curve-is-parallel-to-y-axis-2-c-then-elasticity-of-demand-is-3-a-3-c-2-fp-3-e_-_3-cp-3-ezero-3-c-2-fp-3-e,3-cp-3-e-if-demand-for-a-commodity-changes-due-to-the-change-in-income-2-c-it-is-called-3-a-3-c-2-fp-3-e_-_3-cp-3-eincome-elasticity-3-c-2-fp-3-e,3-cp-3-e-if-we-subtract-direct-taxes-from-personal-income-2-c-we-get-3-a-3-c-2-fp-3-e_-_3-cp-3-edisposable-personal-income-3-c-2-fp-3-e,3-cp-3-e-in-law-of-constant-return-2-c-marginal-product-3-a-3-c-2-fp-3-e_-_3-cp-3-e-remains-constant-3-c-2-fp-3-e,3-cp-3-e-in-perfect-competition-the-average-revenue-curve-is-3-a-3-c-2-fp-3-e_-_3-cp-3-e-horizontal-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-curve-moves-3-a-3-c-2-fp-3-e_-_3-cp-3-efrom-left-to-right-downward-3-c-2-fp-3-e,3-cp-3-e-number-of-factors-of-production-is-3-a-3-c-2-fp-3-e_-_3-cp-3-efour-3-c-2-fp-3-e,3-cp-3-e-price-is-determined-under-perfect-competition-by-3-a-3-c-2-fp-3-e_-_3-cp-3-eforces-of-demand-and-supply-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-supply-of-durable-goods-is-3-a-3-c-2-fp-3-e_-_3-cp-3-e-elastic-3-c-2-fp-3-e,3-cp-3-e-tendency-of-demand-curve-of-a-factor-of-production-is-3-a-3-c-2-fp-3-e_-_3-cp-3-enegative-3-c-2-fp-3-e,3-cp-3-e-the-costs-which-the-firm-has-to-bear-in-every-condition-in-the-short-period-2-c-are-called-3-a-3-c-2-fp-3-e_-_3-cp-3-efixed-costs-3-c-2-fp-3-e,who-did-present-marginal-productivity-theory-3-a_-_ricardo