| 1 |
When MU is positive, TU |
- A. increases
- B. decreases
- C. remains constant
- D. is maximum
|
| 2 |
Goods which can satisfy human wants are. |
- A. Consumer goods
- B. Capital goods
- C. Social goods
- D. Public goods
|
| 3 |
A consumer's spending is restricted because of |
- A. marginal utility
- B. budget constraint
- C. demand curve
- D. unlimited wants
|
| 4 |
The utility of durable consumer goods. |
- A. Diminishes with the passage of time
- B. Perishes, if not used
- C. Can be obtained constantly
- D. None of the three
|
| 5 |
General price level and real income of the people are correlated with each other |
- A. Negatively
- B. Positovely
- C. Normally
- D. Sub normally
|
| 6 |
Rotten eggs are |
- A. free good
- B. economic good
- C. service
- D. wealth
|
| 7 |
In economics, one or more persons sharing common consumer budget is called |
- A. social group
- B. consumer union
- C. organisation
- D. household
|
| 8 |
When marginal is negative, it must be true that |
- A. the average is negative
- B. the average is decreasing
- C. the total is negative
- D. the total is decreasing
|
| 9 |
One of the following will not be the income of a person. |
- A. Wages
- B. Profit
- C. Sccholarship
- D. Salary
|
| 10 |
Indifference curves are convex to the origin because |
- A. two goods are perfect substitutes
- B. two goods are imperfect substitutes
- C. two goods are perfect complementary goods
- D. goods area jointly demanded
|