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Online Tests
Terminology Online Test MCQs With Answers
Question # 1
Normal profit occurs when:
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Average revenue equals average variable cost
Marginal revenue equals marginal cost
Average revenue equals marginal cost
Average revenue equals average cost
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Question # 2
A simple correlation can defined as the tendency of?
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Independent variation
Dependent variation
Simultaneous variation
Instantaneous variation
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Question # 3
When total revenue is increasing:
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Marginal revenue may be either positive or negative
The demand curve is relatively inelastic
marginal revenue is positive
marginal Revenue is negative
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Question # 4
Which word not belong in the military abbreviation NBC?
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Nuclear
Chemical
Biological
Clinical
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Question # 5
According to the law of demand,when:
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Price increases demand decreases
Price decreases demand decreases
Price increases demand increases
Price decreases demand does not change
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Question # 6
Movement of individuals or groups form one position of a society of a society's stratification system to another is known as:
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Social change
Social mobility
Vertical mobility
None of these
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Question # 7
When the economic activity in an economy is on the decline, then it is called a:
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Boom
Depression
Deflation
Recession
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Question # 8
Who has defined social selection saying social selection as a process of creating condition for survival?
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Lewis Morgan
Kari Marx
Herbert Spencer
Maclever
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Question # 9
The extent to which persons or organizations are better off at the end of a period than they were at the beginning?
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Profit
Inventory
Good
Fringe benefits
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Question # 10
The concept of disinvestment was introduced by:
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Friedman
Kaldor
Keynes
Myrdal
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