Question # 1

The elasticity of demand of durable good is:

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More than unity

Equal to unity

Less than unity

Zero

The other name of law of decreasing return is:

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Law of decreasing cost

Law of increasing cost

Law of constant cost

Law of increasing returns

The other name of law of diminishing return is:

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Law of supply

Law of diminishing marginal utility

Law of demand

Law of increasing cost

Consumer goods are those goods which are used by a man:

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Directly

Off and On

Indirectly

Never

The economy gets prosperity during:

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Recession

Boom

Depression

Recovery

During a year aggregate value of produced goods and services of a country is called:

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Per-capita income

Net national income

Personal income

Gross national product

National income period is

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One year

Three years

Two years

Four years

Which economist presented the Cardinal Theory of Utility:

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Marshall

Canon

Kroose

J.B Say

Macro Economics was introduced by:

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Alfred Marshall

J.M.Keynes

N.W Senior

J.B.Clark

Personal income includes:

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Direct taxes

Indirect taxes

Undivided profit

Both 2^nd and 3^rd

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