| 1 |
Q<sub>d</sub> = 12 - 2P<div>Q<sub>s</sub>= -4 + 6P in this market model, P and Q are respectively.</div> |
- A. 2 & 8
- B. 4 & 8
- C. 4 & 10
- D. None of the three
|
| 2 |
The difference between iron ore deposits and the steel produced illustrates the difference between |
- A. labour and natural resources
- B. labour and capital
- C. natural resources and capital
- D. natural resources and entrepreneurship
|
| 3 |
Which of the following is <i>NOT </i>capital as economists use the term |
- A. an office building
- B. machinery in a factory
- C. an industrial robot
- D. money
|
| 4 |
Which is true |
- A. capital depreciates
- B. capital is primary factor of production
- C. capital in not hireable
- D. human capital is real capital
|
| 5 |
Net investment equals Gross investment MINUS |
- A. fixed capital
- B. capital depreciation
- C. capital appreciation
- D. capital formation
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| 6 |
Capital formation lakes place when |
- A. people save a part of their incomes
- B. saved amount is invested
- C. investors expect good return
- D. all of the three
|
| 7 |
How many various forms of capital |
|
| 8 |
Productivity of capital depends upon |
- A. quality of labour
- B. quality of raw materials
- C. quality of management
- D. all of the above
|
| 9 |
Which one of the following is a functional equation of demand: |
- A. Q - 20 + 2P = 0
- B. Q - 3 - 3P = 0
- C. Q + -2P = 0
- D. None of the three
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| 10 |
To the economist, investment refers to |
- A. sale of real estate
- B. creation of new capital
- C. purchase of a prize bond
- D. decrease in inventories
|
