| 1 |
These are kinds of capital EXCEPT |
- A. fixed capital
- B. expensive capital
- C. working capital
- D. real capital
|
| 2 |
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
|
| 3 |
Qd = 50 - 5P people will demand 50 when price of the product is: |
- A. Very high
- B. Very low
- C. Zero
- D. Unity
|
| 4 |
Which of the following is a producer good |
- A. pen
- B. cycle
- C. mobile phone
- D. hammer
|
| 5 |
The part of wealth, other than natural resources, which can be used for further production of wealth are called |
- A. Capital
- B. Revenue
- C. Fundamentals of economics
- D. None of these
|
| 6 |
Which is true |
- A. capital depreciates
- B. capital is primary factor of production
- C. capital in not hireable
- D. human capital is real capital
|
| 7 |
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
|
| 8 |
A factory is an example of |
- A. capital
- B. natural resources
- C. entrepreneurship
- D. none of the above
|
| 9 |
q = 4 + 2P it is a functional equation of. |
- A. Demand
- B. Supply
- C. Equilibrium of demand as supply
- D. None of the three
|
| 10 |
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
|
