Question # 1

The aggregate supply curve is the relationship between:

The price level and the real domestic output purchased

The price level and the real domestic output produced

The price level which producers are willing to accept and the price level purchasers are willing to pay.

The real domestic output purchased and the real domestic output produced.

Rent of building is included in:

Fixed cost

Variable cost

Marginal cost

Selling cost

Who wrote "The Nature and Significance of Economics":

Adam Smith

Marshall

Robbins

Keynes

A nation's balance of payments can be affected by changes in:

Foreign income

The differential between domestic and foreign interst rates

The real exchange rate

All of the given options

The share of agriculture in the national economy in 2005-06, was:

21.6percent

16.2percent

12.8percent`

13.4percent

Canons of taxation describes:

Marshall

Keynes

Robbins

Adam Smith

NAT II Management Science Economy MCQs With Answers