Question # 1

International trade has the benefits:

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One

Unlimited

Two

Three

Macro Economics was introduced by:

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Alfred Marshall

J.M.Keynes

N.W Senior

J.B.Clark

Slope of demand curve is:

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Negative

Zero

Positive

Fixed

The quality of a good which satisfies a human want is called as:

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Service

Cost

Utility

None

International trade has the benefits

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One

Three

Two

Unlimited

The elasticity of demand of durable good is:

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More than unity

Equal to unity

Less than unity

Zero

Which economist presented the Cardinal Theory of Utility:

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Marshall

Canon

Kroose

J.B Say

The unity method of elasticity of demand was presented by:

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Adam Smith

Marshall

J.R Hicks

Pigeou

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

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Directly

Off and On

Indirectly

Never

Factors of production are:

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One

Three

Two

Four

National income does not include:

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Profit

Wages

Interest

Transfer payments

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NAT I General Science Economics MCQs With Answers

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