Question # 1

The supply of perishable goods is:

Fixed

Variable

Minor change

Zero

The market structure in which strategic considerations are most important is:

Monopolistic competition.

Oligopoly.

Pure competition.

Pure monopoly.

It is a Federal Tax:

Excise duty

Local Tax

Property Tax

None

Rent of building is included in:

Fixed cost

Variable cost

Marginal cost

Selling cost

Phases of trade cycle are:

One

Three

Two

Four

If total expenditure decrease with the rise in prices elasticity of demand will be:

Equal to unity

Less than unity

Greater than unity

Equal to zero

NAT II Management Science Economy MCQs With Answers