11th Class Principles of Economics MCQS Part II: The Trade Cycle Online Test 2

3-cp-3-e-the-slope-of-demand-curve-is-3-a-3-c-2-fp-3-e_-_3-cp-3-enegative-3-c-2-fp-3-e,3-cp-3-e-under-decreasing-return-2-c-the-slope-of-marginal-product-curve-is-3-a-3-c-2-fp-3-e_-_3-cp-3-enegative-3-c-2-fp-3-e,3-cp-3-e-utility-is-related-to-3-a-3-c-2-fp-3-e_-_3-cp-3-edesire-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-marginal-utility-is-positive-2-c-total-utility-3-a-3-c-2-fp-3-e_-_3-cp-3-e-goes-on-increasing-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-factor-of-production-is-result-of-human-struggle-3-f-3-c-2-fp-3-e_-_3-cp-3-e-capital-3-c-2-fp-3-e,3-cp-3-e-which-law-is-applicable-on-production-process-under-marginal-productivity-theory-3-f-3-c-2-fp-3-e_-_3-cp-3-elaw-of-decreasing-return-3-c-2-fp-3-e,3-cp-3-ea-monopolistic-firm-has-control-of-3-a-3-c-2-fp-3-e_-_3-cp-3-e-whole-market-supply-by-one-firm-3-c-2-fp-3-e,according-to-prof-jugglar-2-c-a-trade-cycle-completes-in-3-a_-_nine-to-ten-years,during-boom-3-a_-_profit-increases,during-depression-2-c-increases-3-a_-_unemployment,during-depression-3-a_-_prices-decreases,during-inflation-2-c-the-value-of-money-becomes-3-a_-_less,during-recession-demand-for-factors-of-production-3-a_-_remains-limited,during-the-phase-of-boom-2-c-level-of-income-and-employment-is-3-a_-_highest,during-the-phase-of-depression-2-c-level-of-national-income-and-employment-is-3-a_-_lowest,during-the-phase-of-recession-2-c-prices-of-goods-3-a_-_start-falling,during-the-phase-of-recovery-2-c-prices-2-c-wages-2-c-interest-rate-and-profits-3-a_-_starts-rising-gradually,in-which-phase-of-a-trade-cycle-2-c-national-product-2-c-wages-2-c-prices-and-profits-reach-at-their-peak-3-a_-_boom,in-which-phase-of-trade-cycle-level-of-employment-and-income-becomes-very-low-3-a_-_depression,the-modern-theory-of-trade-cycle-was-given-by-3-a_-_hicks-and-samuelson,the-sun-spots-theory-was-presented-by-3-a_-_w-s-jevons,which-phase-starts-with-the-increase-in-expected-rate-of-profit-3-a_-_recovery