CSS Economics Solved Mcqs


Q.  According to current thinking, the law of diminishing returns applies to:

a. All fields of production
b. Agriculture
c. Mining
d. Manufacturing


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  Economic rent can accrue to:
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MCQs:  Which of the following statements is incorrect?
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MCQs:  In the context of the firm as a whole, quasi-rent is defined as the excess of the total receipts over the total:
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MCQs:  A factor of production, whose supply is fixed in the short run, may get additional earnings. These earnings are generally referred to as:
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MCQs:  Which of the following factors forms the basis of the Loan able Funds Theory of Interest?
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MCQs:  Which of the following purposes normally does not give rise to the demand for loan able funds?
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MCQs:  On which of the following does the demand for money for speculative motive mainly depend?
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MCQs:  The demand for liquidity preference is governed by:
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MCQs:  Identify the neo-classical theory of the rate of interest:
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MCQs:  The classical theory explained interest as a reward for:
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MCQs:  According to Joseph Schumpeter, profit is the reward for:
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MCQs:  The term 'normal profit' as used in the analysis of equilibrium of the firm under perfect competition, refers to:
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MCQs:  Who argued that pure profit can arise only in a dynamic economy?
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MCQs:  A decrease in demand causes the equilibrium price to:
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MCQs:  When price is below equilibrium level, there will be:
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MCQs:  If equilibrium price rises but equilibrium quantity remains unchanged, the cause is:
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MCQs:  Price of a product is determined in a free market:
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MCQs:  An increases in the price of mutton provides information which:
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MCQs:  In market equilibrium, supply is vertical line. The downward sloping demand curve shifts to the rights. Then:
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MCQs:  Equilibrium:
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