(A) Two
(B) Six
(C) Three
(D) Four
Author:
Labour theory was firstly rejected by:
(A) Karl Max
(B) Ricardo
(C) Adam Smith
(D) Samuelson
Prices are determined by the forces of:
(A) Demand and consumption
(B) Supply and consumption
(C) Demand and supply
(D) None of the above
In monopoly there:
(A) Is one producer
(B) Is one consumer
(C) Are few producers
(D) Are two producers
Isoquant represents:
(A) More output
(B) Equal to output
(C) Less output
(D) Unequal output
Economics theory deals with:
(A) Microeconomics
(B) Macroeconomics
(C) Both of the above
(D) None of the above
The value of exogenous variable is determined by:
(A) Internal forces
(B) Inferior forces
(C) Superior forces
(D) External forces
The policy adopted regarding imports during 1950s was:
(A) Tight
(B) Liberal
(C) Normal
(D) None of the above