| 1 |
Economic laws can be define as . |
- A. A statement of social behaviour
- B. Laws implement by an executive
- C. Laws of the state
- D. Statement of general economic tendencies
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| 2 |
All materials goods which can satisfy humans wants are called. |
- A. Non economic goods
- B. Economic goods
- C. Capital goods
- D. Services
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| 3 |
Who criticized economics as "dismal Science". |
- A. Alfred Marshall
- B. Lionel Robbins
- C. Carlyle and Ruskin
- D. J.M. Keynes.
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| 4 |
He described economics as a science of material welfare |
- A. Robbins
- B. Marshall
- C. Ricardo
- D. Keyness
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| 5 |
Scarcity means |
- A. non availability of goods
- B. high price of goods
- C. less supply than demand
- D. high profit of the firms
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| 6 |
Who was the exponent of macro economics in recent times. |
- A. Adam Smith
- B. J.M. Keynes
- C. Marshall
- D. Maithus
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| 7 |
Wealth of nations |
- A. is another name for united nations
- B. is name of a book
- C. indicates total wealth of rich countries
- D. contains formulas to earn wealth
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| 8 |
All the products which are priced in the market are. |
- A. Non economic products
- B. Economic products
- C. Private products
- D. Public products
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| 9 |
One of the following is not studied in Micro economics. |
- A. Equilibrium to the firm
- B. Distribution of rewards to factors of productions
- C. Banking system
- D. Market equilibrium
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| 10 |
Marshall is his definition of economics |
- A. uses the concept of material welfare
- B. dislikes wealth
- C. accuses Adam smith
- D. Praises Robbins
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