11th Class Principles of Economics MCQS Part II: The Trade Cycle Online Test 1

3-cp-3-e-22-capital-is-that-part-of-wealth-of-a-person-which-is-used-to-get-income-22-this-definition-of-capital-is-presented-by-3-a-3-c-2-fp-3-e_-_3-cp-3-e-adam-smith-3-c-2-fp-3-e,3-cp-3-e-according-to-prof-ackley-gardener-2-c-amounts-are-included-in-national-income-3-a-3-c-2-fp-3-e_-_3-cp-3-eall-the-three-3-c-2-fp-3-e,3-cp-3-e-according-to-which-economist-2-c-national-income-is-the-name-of-total-of-production-of-goods-and-services-3-f-3-c-2-fp-3-e_-_3-cp-3-e-marshall-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-cannon-2-c-pigou-and-parto-belonged-to-school-of-thought-3-a-3-c-2-fp-3-e_-_3-cp-3-eneo-classical-3-c-2-fp-3-e,3-cp-3-e-demand-for-factors-of-production-is-3-a-3-c-2-fp-3-e_-_3-cp-3-ederived-3-c-2-fp-3-e,3-cp-3-e-if-demand-changes-by-10-25-due-to-10-25-change-in-price-2-c-then-elasticity-of-demand-is-called-3-a-3-c-2-fp-3-e_-_3-cp-3-eequal-to-unity-3-c-2-fp-3-e,3-cp-3-e-in-economics-2-c-by-demand-for-a-commodity-means-3-a-3-c-2-fp-3-e_-_3-cp-3-eto-have-power-and-desire-to-buy-a-commodity-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-net-national-income-equals-to-3-a-3-c-2-fp-3-e_-_3-cp-3-e-gross-national-product-depreciation-allowance-3-c-2-fp-3-e,3-cp-3-e-one-of-the-following-is-not-included-in-the-characteristics-of-labour-3-a-3-c-2-fp-3-e_-_3-cp-3-elabour-can-be-stored-3-c-2-fp-3-e,3-cp-3-e-prices-of-raw-material-2-c-wages-of-temporary-labourers-2-c-transport-costs-etc-2-c-are-called-3-a-3-c-2-fp-3-e_-_3-cp-3-evariable-costs-3-c-2-fp-3-e,3-cp-3-e-stock-means-the-quantity-of-a-commodity-3-a-3-c-2-fp-3-e_-_3-cp-3-ewhich-the-seller-keeps-in-his-possession-without-selling-3-c-2-fp-3-e,3-cp-3-e-supply-of-goods-depends-upon-3-a-3-c-2-fp-3-e_-_3-cp-3-eprice-3-c-2-fp-3-e,3-cp-3-e-supporters-of-which-school-of-thought-think-that-economic-point-of-view-is-a-state-of-feeling-and-mental-condition-3-f-3-c-2-fp-3-e_-_3-cp-3-eneo-classical-3-c-2-fp-3-e,3-cp-3-e-the-change-in-total-cost-is-called-3-a-3-c-2-fp-3-e_-_3-cp-3-eaverage-total-cost-3-c-2-fp-3-e,3-cp-3-e-the-formula-of-calculating-total-revenue-is-3-a-3-c-2-fp-3-e_-_3-cp-3-ep-c-3-97-q-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-price-at-which-quantity-demanded-and-supplied-are-equal-2-c-is-called-3-a-3-c-2-fp-3-e_-_3-cp-3-e-equilibrium-price-3-c-2-fp-3-e,economy-gets-prosperity-during-3-a_-_boom,in-which-phase-of-the-trade-cycle-2-c-production-2-c-employment-2-c-wages-and-interest-rate-etc-start-rising-gradually-3-a_-_recovery,in-which-phase-of-trade-cycle-production-2-c-employment-and-income-becomes-very-low-3-a_-_depression,the-phases-of-trade-cycle-are-3-a_-_four,which-phase-of-trade-cycle-is-better-for-the-economy-3-f_-_boom