Question # 1

The market structure in which strategic considerations are most important is:

Monopolistic competition.

Oligopoly.

Pure competition.

Pure monopoly.

A monopolistically competitive firm in short run equilibrium:

Will make negative profit (lose money).

Will make zero profit (break-even)

Will make positive profit

Any of the given are possible.

When national income is increases:

Standard of living increases

Standard of living decreases

Remains same

Bad thing

Who presented the quantity theory of money:

Marshall

Robbins

Taussig

Keynes

What was the production of wheat in million tones during 2005-06?

16.6

21.7

26.2

30.8

The economy gets prosperity during:

Recession

Boom

Depression

Recovery

NAT II Management Science Economy MCQs With Answers