Question # 1

Due to devaluation exports become:

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Smaller

Larger

Cheaper

Expensive

International trade has the benefits:

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One

Unlimited

Two

Three

Inflation on prices:

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Decrease

Remains constant

Increase

Become zero

When price falls supply:

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Expands

Remains zero

Contrasts

Become fixed

Personal income means:

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Own income

Family income

Govt.income

Old income

In monopoly the number of firms is:

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One

Three

Two

Unlimited

Reward for capital is called:

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Rent

Interest

Wages

Profit

Who is the writer of Wealth of Nation?

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Marshall

Adam Smith

Robbins

Keynes

Which economist presented the Cardinal Theory of Utility:

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Marshall

Canon

Kroose

J.B Say

Who described Economics as a scienece of wealth:

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Piguo

Adam Smith

Robbins

Marshall

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

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Directly

Off and On

Indirectly

Never

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