| 1 |
MU curve |
- A. rises left to right
- B. is always vertical
- C. falls left to right
- D. is always horizontal
|
| 2 |
Goods which can satisfy human wants are. |
- A. Consumer goods
- B. Capital goods
- C. Social goods
- D. Public goods
|
| 3 |
Law of substitution is another name for |
- A. law of diminishing MU
- B. law of equi-MU
- C. law of demand
- D. law of satisfaction
|
| 4 |
The good which are used to produce more goods are.`` |
- A. Social goods
- B. Capital goods
- C. Consumer goods
- D. Public goods
|
| 5 |
<strike>P</strike>ower of a product which can satisfy human want is. |
- A. Utility
- B. Total utility
- C. Average utility
- D. Marginal utility
|
| 6 |
A consumer's spending is restricted because of |
- A. marginal utility
- B. budget constraint
- C. demand curve
- D. unlimited wants
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| 7 |
The value of a product depends upon. |
- A. The number of dollars
- B. The numbers of dollars which can be given in exchange for it
- C. The current exchange rate.
- D. None of them
|
| 8 |
Law of Equi marginal utlility is a low of |
- A. production of wealth
- B. consumption of wealth
- C. distribution of wealth
- D. exchange of wealth
|
| 9 |
Diminishing marginal utility is the basis of |
- A. law of supply
- B. law of demand
- C. laws of returns
- D. none of the above
|
| 10 |
A product which has value price in the market has. |
- A. Utility
- B. Scarcity
- C. Transferability
- D. All the three
|