Question # 1

When demand and supply rise equally then equilibrium price

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isles

is more

Remains the source

Zero

Who did write the book named "An enquiry into the nature and causes of the wealth of nations"

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Adam smith

Marshall

Robbins

Canon

When average product increase, marginal product

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Decreases

Is zero

Is negative

Also increases

Quantity theory of money was criticized by:

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Marshall

Sameulson

Keynes

Both b and c

Cannon,. Pigou and Pareto belonged to school of thought

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Classical

Neo classical

Keynesian

None of these

During inflation increase

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Exports

Savings

Consumption

Inequality of income

Quantity theory of money was introduced in an equation by:

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Fisher

Marshall

Crowther

Tausigg

Concept of law of diminishing marginal utility was presented by professor

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Marshall

Robbins

Keynes

Pigou

Foreign exchange is used in

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Local trade

Regional trade

Domestic trade

International trade

The interaction of multiplier and accelerator is known as:

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Innovation theory

Modern theory

Psychological theory

Over investment theory

The relation between quantity of money and value of money is:

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Positive

Negative

Direct

Inverse

Marginal utility at the point of satiety is

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Zero

Positive

Negative

Initial

Which economist did present the concept of macro economics

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Adam Smith

Marshall

Pigou

Keynes

Under constant return, the slope of marginal product curve is

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Positive

Negative

Infinite

Zero

Usher is levied on

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Cash amount

Goats and sheep

Trading goods

Agricultural production

Quantity of a commodity which the consumers are ready to purchase at a particular price, is called

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Demand

Supply

Stock

Demand and supply

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Principles of Economics Icom Part 1 English Medium Online Test MCQs With Answers

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