| 1 |
The good which are used to produce more goods are.`` |
- A. Social goods
- B. Capital goods
- C. Consumer goods
- D. Public goods
|
| 2 |
<strike>P</strike>ower of a product which can satisfy human want is. |
- A. Utility
- B. Total utility
- C. Average utility
- D. Marginal utility
|
| 3 |
When MU=0, TU is |
- A. minimum
- B. maximum
- C. increasing
- D. decreasing
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| 4 |
Food, Shelter and clothing are: |
- A. Necessities
- B. Comfort
- C. Luxuries.
- D. None of three
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| 5 |
When MU is positive, TU |
- A. increases
- B. decreases
- C. remains constant
- D. is maximum
|
| 6 |
Law of Equi marginal utlility is a low of |
- A. production of wealth
- B. consumption of wealth
- C. distribution of wealth
- D. exchange of wealth
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| 7 |
The number of goods and services which one unit of a product can command in exchange for it is its. |
- A. Value of money
- B. Value in exchange
- C. Price
- D. Utility
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| 8 |
MU curve |
- A. rises left to right
- B. is always vertical
- C. falls left to right
- D. is always horizontal
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| 9 |
Utility of a product depends upon |
- A. Knowledge
- B. Ownership
- C. Form
- D. All of them
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| 10 |
The goods used to produce income or wealth are., |
- A. Consumer goods
- B. Manufactured goods
- C. Merit goods
- D. Capital goods
|