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NAT II Management Science Economy MCQs With Answers
Question # 1
What was the difficulty in the barter System:
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Excess of goods
Difference language
Lack of co-incidence
Difference in profession
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Question # 2
Ushr implies on:
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Agricultural product
Industrial product
Agricultural & industrial product
None of these
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Question # 3
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
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Question # 4
A tax on the accounting profits of corporations is known as:
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Sales tax
Excise tax
Corporate income tax
Personal income tax
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Question # 5
Macro Economics was introduced by
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Alfred Marshall
J.M. Keynes
N.W. Senior
J.B. Clark
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Question # 6
What is the interest rate effect that explains why the aggregate demand curve slopes downward?
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It refers to the effect of changes in the price level on quantity of investment demanded which in turn affects interest rates
It refers to the effect of interest rates on borrowing which in turn affects consumption spending.
It refers to the effect of changes in the price level on interest rates which in turn affects the quantity of investment demanded
It refers to the shifts in aggregate demand when interest rates change
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