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NAT II Management Science Economy MCQs With Answers
Question # 1
Welfare economics is the branch of economics which deals with:
Choose an answer
Positive issues
Normative issues
Micro issues
Macro issues
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Question # 2
What was the percentage in the production of cotton yarn during July-March 2005-06?
Choose an answer
11.1 percent
15.2 percent
17.6 percent
19.2 percent
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Question # 3
Inflation on prices:
Choose an answer
Decrease
Remains constant
Increase
Become zero
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Question # 4
To find the profit maximizing level of output, a firm finds the output level where:
Choose an answer
Price equals marginal cost
Marginal revenue and average total cost
Price equals marginal revenue
None of the given options
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Question # 5
What is the interest rate effect that explains why the aggregate demand curve slopes downward?
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It refers to the effect of changes in the price level on quantity of investment demanded which in turn affects interest rates
It refers to the effect of interest rates on borrowing which in turn affects consumption spending.
It refers to the effect of changes in the price level on interest rates which in turn affects the quantity of investment demanded
It refers to the shifts in aggregate demand when interest rates change
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Question # 6
A market is said to be in equilibrium when:
Choose an answer
Demand equals output
There is downward pressure on price
The amount consumers wish to buy at the current price equals the amount producers wish to sell at that price
All buyers are able to find sellers willing to sell to them at the current price
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