| 1 |
With an increase in wage rate supply of labour. |
- A. Decrease
- B. Increase
- C. Remains constant
- D. None of the three
|
| 2 |
A mechanism, or arrangement, which brings together buyers together buyers and sellers of particular goods or services are called |
- A. Market
- B. Revenue curve
- C. Contact
- D. None of these
|
| 3 |
______ is a science which is concerned with the collection, presentation, and interpretation of numerical data |
- A. Statistics
- B. Economics analysis
- C. Function
- D. None of these
|
| 4 |
TC |
- A. rises continuously
- B. falls then rises
- C. is horizontal to x-axis
- D. is parallel to y-axis
|
| 5 |
MC is given by slope of |
- A. TFC
- B. TC
- C. ATC
- D. AVC
|
| 6 |
Rickshaw has replaced tonga as local transport. As a result the tongs-drivers have become unemployed. Such unemployment is called |
- A. structural
- B. frictional
- C. seasonal
- D. personal
|
| 7 |
Pollution which is side effect of producing or consuming something and which is not taken into account by producers and sellers is called |
- A. externality
- B. wastage
- C. extra cost
- D. opportunity cost
|
| 8 |
Which one is the non-economic activity. |
- A. Service of a doctor
- B. Morning walk
- C. Service of teacher
- D. Service of an advocate
|
| 9 |
The quality of commodity that satisfies some human want or need is called |
- A. service
- B. demand
- C. utility
- D. efficiency
|
| 10 |
The theory of optimum population was presentd by: |
- A. Cannon
- B. Hicks
- C. Keynes
- D. Malthus
|
