CSS Economics Solved Mcqs

Q.  Identify the aspect of taxation which is related to normative economics:

a. Incidence of tax
b. Effect of tax on the capacity willingness to work
c. Equity of tax
d. None of the above


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MCQs:  Which of the following statements is incorrect?
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MCQs:  Production is a function of:
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MCQs:  An ISO-product curve slopes:
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MCQs:  A vertical supply curve parallel to the price axis implies that the elasticity of supply is:
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MCQs:  The supply of a commodity refers to:
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MCQs:  Which cost increases continuously with the increase in production?
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MCQs:  Which of the following cost curves is never Un-shaped?
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MCQs:  Total costs in the short-term are classified into fixed costs and varibale costs. Which one of the following is a variable cost?
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MCQs:  In the short term, when the output of a firm increases, its average fixed cost:
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MCQs:  A significant property of the Cobb - Douglas production function is that the elasticity of substitution between inputs is:
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MCQs:  The production techniques are technically efficient:
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MCQs:  Which of the following is not a feature of iso-product curves? Iso-product curves:
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MCQs:  Some economists refer to iso-product curves as:
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MCQs:  Which one of the following is also known as plant curves?
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MCQs:  What is the shape of the average fixed cost (AFC) curve?
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MCQs:  An increase in the supply of a commodity is caused by:
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MCQs:  Elasticity of supply refers to the degree of responsiveness of supply of a commodity to changes in its:
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MCQs:  The cost of one thing in terms of the alternative given up is known as:
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MCQs:  According to current thinking, the law of diminishing returns applies to:
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MCQs:  Identify the correct statement:
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