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NAT II Management Science Economy MCQs With Answers
Question # 1
The supply of perishable goods is:
Choose an answer
Fixed
Variable
Minor change
Zero
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Question # 2
The market structure in which strategic considerations are most important is:
Choose an answer
Monopolistic competition.
Oligopoly.
Pure competition.
Pure monopoly.
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Question # 3
It is a Federal Tax:
Choose an answer
Excise duty
Local Tax
Property Tax
None
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Question # 4
Rent of building is included in:
Choose an answer
Fixed cost
Variable cost
Marginal cost
Selling cost
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Question # 5
Phases of trade cycle are:
Choose an answer
One
Three
Two
Four
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Question # 6
If total expenditure decrease with the rise in prices elasticity of demand will be:
Choose an answer
Equal to unity
Less than unity
Greater than unity
Equal to zero
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