Question # 1

Macro Economics was introduced by

Alfred Marshall

J.M. Keynes

N.W. Senior

J.B. Clark

In inflation prices:

Increase

Do not change

Decrease

Become zero

The elasticity of demand of durable goods is:

Zero

More than unity

Less than unity

Equal to unity

The real exchange rate is defined as the:

Market exchange rate adjusted for prices

Market exchange rate adjusted for interest rates

Market exchange rate

Exchange rate determined by the government

Inflation on prices:

Decrease

Remains constant

Increase

Become zero

Which ASEAN nation had the highest growth rate of 7.5 percent in 2005-06?

Indonesia

Malaysia

Vietnam

Thailand

NAT II Management Science Economy MCQs With Answers