| 1 |
Monopoly refers to: |
- A. Single buyer
- B. Single seller
- C. Single producer
- D. Both b and c
|
| 2 |
At shut down position: |
- A. AC = AR
- B. AVC = AR
- C. AVC < AR
- D. AVC > AR
|
| 3 |
Individual income means |
- A. Total of incomes received from any means by the people
- B. Total of incomes of entrepreneurs of the country
- C. Income of a particular person
- D. Income of a family
|
| 4 |
National income increases by |
- A. The increase in the quantity of capital goods
- B. The increase in the quantity of goods and services
- C. The increase in price of goods
- D. The increase in the income of entrepreneurs
|
| 5 |
Which thing should be added in net national product to get gross national product |
- A. Direct taxes
- B. Indirect taxes
- C. Depreciation allowance
- D. Subsidies
|
| 6 |
Which is not counted in national income |
- A. Interests
- B. transfer payments
- C. Profits
- D. Rents
|
| 7 |
Which one of the following is not included in the methods of measuring national income |
- A. Method of total according to market prices
- B. Method of total of incomes
- C. Method of total of domestic necessities and desires
- D. Method of total expenditures
|
| 8 |
national income is found by |
- A. Subtracting depreciation allowance from gross national product
- B. Subtracting indirect taxes from net national product
- C. Adding subsidies in net national product
- D. Subtracting indirect taxes and adding subsidies in net national product
|
| 9 |
If we subtract direct taxes from personal income, we get |
- A. Net national income
- B. Net domestic income
- C. Disposable personal income
- D. Personal savings
|
| 10 |
In the long run monopolist earns profit: |
- A. Normal
- B. Abnormal
- C. Super normal
- D. Both b and c
|
