Principles of Economics Icom Part 1 English Medium Online Test

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Principles of Economics Icom Part 1 English Medium Online Test

  • Total Questions15

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Principles of Economics Icom Part 1 English Medium Online Test

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Question # 1

Marginal utility at the point of satiety is

Question # 2

The relationship between price and quantity supplied is:

Question # 3

Short run cost curves are generally

Question # 4

Desire + Purchasing power is equal to:

Question # 5

A monopolist controls the supply

Question # 6

Who said that economics has the place of intellectual religion

Question # 7

Inflation can be controlled by:

Question # 8

According to which economist, it is difficult to find marginal product

Question # 9

Due to fall in demand, curve shifts to

Question # 10

Supply curve moves from left to right upward, this tendency is called

Question # 11

kinds of money are

Question # 12

Of what nature state laws are

Question # 13

One of the following is not included in net national product

Question # 14

Utility attained by consuming an additional or last unit of a commodity

Question # 15

"Anything which is generally accepted as a medium of exchange and also performs the functions of standard of value and a store of value is money"
This definition of money is stated by

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