Question # 1

In monopoly when abnormal profits are made:

Choose an answer

The price set is greater than the marginal cost

The price is less than the average cost

The average revenue equals the marginal cost

Revenue equals total cost

The term dollar is not a part of the name of the currency in which of the following countries?

Choose an answer

Malaysia

Italy

Singapore

USA

Reducing inflation is a more important objective than economic growth is an example of:

Choose an answer

Normative economics

Positive economics

Objective economics

Reality economics

The govt can control inflation by

Choose an answer

Increasing demand for goods

Increasing supply of goods

Increasing money supply

Decreasing taxes

The term Cowboy diplomacy was first used in 1902 by:

Choose an answer

Jackie Lawlor

Edmund Gullion

James Cable

David Hoffman

Who gave the ''theory of comparative advantage''?

Choose an answer

Adam smith

Ricardo

Hicks

Albert Einstein

Crick diplomacy consists of using the game of cricket as a political tool to enhance or worsent the diplomatic relations between two Cricket playing nations,Term was first used in 1987 during the match between?

Choose an answer

Indian and Pakistan

Sri Lanka and Pakistan

Bangladesh and Pakistan

Indian and Bangladesh

An increase in aggregate demand is more likely to lead to demand id more likely to lead to demand pull inflation if:

Choose an answer

Aggregates supply is perfectly elastic

Aggregate supply is perfectly inelastic

Aggregates supply is relatively elastic

Aggregate supply is relatively elastic

Gross National Income is always more than net national income because it includes:

Choose an answer

Foreign income

Capital consumption allowance

Indirect taxes

Direct taxes

Every country establishes central bank to:

Choose an answer

issue notes

Supervise commercial banks

Give loans to businessmen

Both a and b

Government of Pakistan issued currency on the basis of:

Choose an answer

Availability of gold in the country

Availability of dollars in the country

Demand for money in the country

Tax collection

More Classes

Other Links

Terminology Online Test MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer