Q.1
Excise tax is a part of
Q.2
Unemployment due to mechanization of agriculture is
Q.3
The labour force participation rate is the
Q.4
Risks in the business arise because of
Q.5
Indifference curves are convex to the origin because
Q.6
Profit is maximum when
Q.7
In Monopoly at various output levels
Q.8
If there are implicit costs of production
Q.9
Giffen goods are those goods
Q.10
At the point of equilibrium of firm (under perfect competition)
Q.11
Standard of living of a country can be raised if it increases
Q.12
Standard of living of a country can be raised if it increases
Q.13
According to Malthus, population increases by progression of which kind?
Q.14
All labour is
Q.15
All labour is
Q.16
Mobility of labour
Q.17
When the perfectly competitive firm and industry are in long run equilibrium, then
Q.18
An isoquant slopes
Q.19
In monopoly, the relationship between average and marginal revenue curves is as follows
Q.20
The total effect of a price change of a commodity is
Q.21
The following are some of the costs of a clothing manufacturer. State which among them will you consider as fixed cost?
Q.22
Not having enough
  • scarcity
  • supply
  • human resouce
  • taxes
Q.23
How much people want something
  • supply
  • demand
Q.24
What is a producer?
  • a person who gives goods away
  • things people would like to have
  • the exchanged of goods and services without the use of money
  • a person, company, or country that makes grows, or supplies goods for sale
Q.25
What is demand?
  • the amount of an item you have
  • how many people want your good/service
  • the money you have left over after you paid your bills
Q.26
What is a consumer?
  • a person who takes things
  • a person who purchases goods and services for personal use
  • a person who takes good away
  • the economic factors affecting the price, demand, and availability of a commodity
Q.27
What is profit?
  • the amount of an item you have
  • how many people want your good/service
  • the money you have left over after you paid your bills
Q.28
Interdependence means
  • One country depends on another
  • Two countries depend on another country
  • Two countries economies rely on each other
  • Taxes are higher
Q.29
What is supply?
  • the amount of an item you have
  • how many people want your good/service
  • the money you have left over after you paid your bills
Q.30
What is Gross Domestic Product?
  • Goods, services, and intermediate products bought by people in other countries.
  • the total value of goods produced and services provided in a country during one year
  • The amount of output the average worker can produce in an hour.
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