Question # 1

National income does not include:

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Profit

Wages

Interest

Transfer payments

Due to devaluation exports become:

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Smaller

Larger

Cheaper

Expensive

What remains after deduction of direct taxes from the personal incom:

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NNI

DPI

NDI

GNP

Who criticized Prof.Robbin's definition?

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Marshall,J.B

Beveridge

Clark

Pigeou

Which economist presented the Cardinal Theory of Utility:

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Marshall

Canon

Kroose

J.B Say

When price falls supply:

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Expands

Remains zero

Contrasts

Become fixed

What was the difficulty in the barter System:

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Excess of goods

Difference language

Lack of co-incidence

Difference in proffession

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

The economy gets prosperity during:

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Recession

Boom

Depression

Recovery

Canons of taxation describes

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Marshall

Keynes

Robbins

Adam Smith

Marginal cost curve always intersects average cost curve at:

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The maximum point

The central point

The minimum point

The vertical point

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