Question # 1

Income elasticity show the relationship between:

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Income and demand

Income and consumption

Income and price

Income and saving

In monopoly the number of firms is:

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One

Three

Two

Unlimited

The economy gets maximum prosperity during:

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Recession

Recovery

Boom

Depression

The economy gets prosperity during:

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Recession

Boom

Depression

Recovery

The elasticity of demand of durable goods is:

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Zero

More than unity

Less than unity

Equal to unity

Personal income includes:

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Direct taxes

Indirect taxes

Undivided profit

Both 2^nd and 3^rd

Slope of demand curve is:

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Negative

Zero

Positive

Fixed

Phases of trade cycle are:

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One

Three

Two

Four

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

How many methods can be used for cultivation

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One

Two

Three

Four

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