Question # 1

The supply of land is:

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Infinity

Fixed

Variable

Zero

Marginal cost curve always intersects average cost curve at:

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The maximum point

The central point

The minimum point

The vertical point

Due to devaluation exports become:

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Smaller

Larger

Cheaper

Expensive

Factors of production are:

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One

Three

Two

Four

Who is the writer of Wealth of Nation?

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Marshall

Adam Smith

Robbins

Keynes

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

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Directly

Off and On

Indirectly

Never

The methods of measuring elasticity of supply are:

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Three

Two

Four

Five

Who is responsible for profit and loss in the business:

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Capitalist

Entrepreneur

Labour

Middleman

Macro Economics was introduced by:

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Alfred Marshall

J.M.Keynes

N.W Senior

J.B.Clark

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 economy gets maximum prosperity during:

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Recession

Recovery

Boom

Depression

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NAT I General Science Economics MCQs With Answers

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