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NAT II Management Science Economy MCQs With Answers
Question # 1
The shape of AR and MR under perfect competition is:
Choose an answer
Vertical
U-shape
Horizontal to ox-axis
None of these
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Question # 2
In 2005-06 which country had the highest growth rate among the following?
Choose an answer
Egypt
Singapore
Kuwait
Nigeria
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Question # 3
What was the difficulty in the barter System:
Choose an answer
Excess of goods
Difference language
Lack of co-incidence
Difference in profession
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Question # 4
In the short run, the equilibrium price level and the equilibrium level of total output are determined by the intersection of:
Choose an answer
The aggregate demand, the short-run aggregate supply and the long-run aggregate supply curves
The short-run aggregate supply and the long-run aggregate supply curves
The aggregate demand and the short-run aggregate supply curves
The aggregate demand and the long-run aggregate supply curves
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Question # 5
The total cost (TC) function is given as: TC = 200 + 5Q. What is the fixed cost?
Choose an answer
5Q
5
5 + (200/Q)
200
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Question # 6
"Government collects zero revenue if the tax rate is 0% and if the tax rate is 100%." Which of the following best describes this statement?
Choose an answer
Consumption curve
Supply curve
Laffer curve
Investment curve
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