MCQs: Normal profit is called normal because:
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MCQs: If a firm shuts down temporarily, it will incur loss equal to:
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MCQs: Under perfect competition:
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MCQs: The necessary condition for equilibrium position of a firm is:
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MCQs: When a competitive firm achieves long run equilibrium then:
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MCQs: The most efficient scale of production of a firm is where:
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MCQs: A firm should shut down in the short run if it is not covering its:
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MCQs: Elinor Ostrom and Oliver Williamson are the Nobel Prize Laureates in Economics in 2009. Do you know in which year was Francois Quesnay's Tableu Economique published?
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MCQs: Identify the author of 'The Principles of Political Economy and Taxation':
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MCQs: Who is generally regarded as the founder of the 'Classical School'?
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MCQs: Identify the economist who had little formal education and started working in the money market at an early age of fourteen.
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MCQs: 'The labour of Nature is paid, not because she does much, but because she does little. In proportion as she becomes niggardly in her gifts, whe exacts a greater price for her work.' Who made this observation?
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MCQs: Who first raised fears of a world food shortage?
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MCQs: When was Adam Smith's major work 'An Enquiry into the Nature and Causes of Wealth of Nations' published?
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MCQs: The real price of every thing, what every thing really costs to the man who wants to require it, is the toil and trouble of acquiring it. Who made this statement?
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MCQs: 'Rent is a creation of value, not of wealth.' Who made this observation?
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MCQs: In which year was the first volume of Das Capital be Karl Marx published?
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MCQs: The Critique of Political Economy, the first fruits of Karl Marx's long painstaking research at the British Museum, appeared in:
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MCQs: The Communist Manifesto, written jointly by Marx and Engel's, was published in:
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MCQs: Who stated explicitly for the first tirr the law of comparative costs?
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