Basic of Economics Mcqs


Q.  Name the organization in which people are associated together for a common purpose under a common name. This organization is recognized and created by law ?

a. Company
b. Corporation
c. Cooperative
d. Limited Company


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  Marginal revenue is the ________ when output is __________?
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MCQs:  Firms are assumed to ________ costs and to ________ profits?
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MCQs:  The extra utility from consuming one more unit of a good is called ?
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MCQs:  The opportunity cost of a student is____________?
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MCQs:  If your income doubles and the prices of the goods you buy double then your demand for these goods will likely?
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MCQs:  A measurement showing how quantity demanded varies with income is the ?
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MCQs:  The price elasticity of demand measures ?
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MCQs:  Increased level consumption ?
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MCQs:  Improved training of employees would ?
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MCQs:  Which of the following would increase aggregate demand ?
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MCQs:  Aggregate demand will increase if ?
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MCQs:  The price elasticity of supply is +4 The price increases by 15% sales were originally 200 units What will they be now ?
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MCQs:  An increase in productivity should ?
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MCQs:  An increase in the costs of production will ?
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MCQs:  A supply curve that starts at the origin has ?
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MCQs:  If a 4% increase in price leads to a increase in the quantity supplied of 8% ?
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MCQs:  For a normal good ?
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MCQs:  if demand is price inelastic ?
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MCQs:  The price elasticity of demand is a negative number this means ?
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MCQs:  If the cross elasticity of demand is -2 ?
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