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NAT II Management Science Economy MCQs With Answers
Question # 1
Phases of trade cycle are:
Choose an answer
One
Three
Two
Four
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Question # 2
"Government collects zero revenue if the tax rate is 0% and if the tax rate is 100%." Which of the following best describes this statement?
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Consumption curve
Supply curve
Laffer curve
Investment curve
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Question # 3
A good for which income and quantity demanded are inversely related is known as:
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Inferior good
Complementary good
Normal good
None of the given options
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Question # 4
How many methods can be used for cultivation:
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One
Two
Three
Four
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Question # 5
Welfare economics is the branch of economics which deals with:
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Positive issues
Normative issues
Micro issues
Macro issues
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Question # 6
Canons of taxation describes:
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Marshall
Keynes
Robbins
Adam Smith
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