Question # 1

The Samuelson Holt formula provides a measure of?

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Consumer's equilibrium

Consumer's surplus

Elasticity of demand

Marginal utility

A pressure works for the Welfare of:

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Weaker sections of the society

All section of the society

Its members only

government employees

The ideal of 'positive liberty' was first conceived by:

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Aristotle

Hegel

Green

Laski

Which of the following is an active factor of production?

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Land

Labour

Capital

Organization

An increase in price all other things unchanged leads to:

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Shift demand out outwards

Shift demand inwards

A Contraction of demand

An extension of demand

What does the term 'Bear hall putsch' refer to?

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A riot during the 1969 Munich Beer fest

Adolf Hitler's attempt to size power in Bavaria

Paul von Hindenburg's siezure ofo power of the Weimar Republic

Ranee of payaso's march on Cuzcatlan

The charge in quantity demanded because of the change in the relative price of the product?

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Change in quantity demanded

Change in demand

Law of demad

Substitution effect

A simple correlation can defined as the tendency of?

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Independent variation

Dependent variation

Simultaneous variation

Instantaneous variation

PIN stand for:

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Personal Identification Number

Pass Identification Number

Personal Ideological Number

None of the above

who among the following is associated with the Iron Law of Oligarchy?

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Michels

Mosca

Mills

Laski

When you consume more and more of a commodity continuously, your total satisfaction level will?

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Decrease

Fluctuate

Remain

Increase

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