Question # 1

Which of the following economists came up with a theory regarding the tradeoff between unemployment and inflation?

A.W. Phillips

John Maynard Keynes

Joseph Schumpeter

Milton Friedman

The supply of land is:

Infinity

Fixed

Variable

Zero

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

Indonesia

Malaysia

Vietnam

Thailand

The Diamer Bhasha Dam will be completed in :

2009

2010

2012

2015

Price floor results in:

All of the given options

Excess supply.

Equilibrium

Excess demand

For knowing the spending capacity of the household sector, we have to use the concept of:

National income

Personal income

Private income

Personal disposable income

NAT II Management Science Economy MCQs With Answers