Question # 1

Consumer goods are those goods which are used by a man:

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Directly

Off and On

Indirectly

Never

Due to devaluation exports become:

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Smaller

Larger

Cheaper

Expensive

Who criticized Prof.Robbin's definition?

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Marshall,J.B

Beveridge

Clark

Pigeou

International trade has the benefits

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One

Three

Two

Unlimited

Who is responsible for profit and loss in the business:

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Capitalist

Entrepreneur

Labour

Middleman

The other name of law of decreasing return is:

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Law of decreasing cost

Law of increasing cost

Law of constant cost

Law of increasing returns

Which economist presented the Cardinal Theory of Utility:

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Marshall

Canon

Kroose

J.B Say

If total expenditure decreases with the rise in price elasticity of demand will be

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Equal to unity

Less than unity

Greater than unity

Equal to zero

In monopoly the number of firms is:

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One

Three

Two

Unlimited

The other name of law of diminishing return is:

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Law of supply

Law of diminishing marginal utility

Law of demand

Law of increasing cost

Which Economists presented the law of diminishing marginal utility:

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Robbins

Malthus

Adam Smith

Marshall

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