(A) Tastes
(B) Taxes
(C) Both of the above
(D) None of the above
Category: Economics Mcqs
Users will find here Economics Mcqs for NTS, CSS, PMS, PPSC, FPSC, KPPSC, AJKPSC, BPSC, PTS, SPSC, Lecturer and all other types of Competitive Exams and Interviews. Economics students can prepare their Economics Portion for all test from here.
By effective demand, we mean:
(A) Both ability and willingness to buy a commodity
(B) Desire to own a commodity
(C) Willingness to buy a commodity
(D) Ability to buy a commodity
Demand definition is complete when we have data on:
(A) Price, quantity and time
(B) Income, quantity and time
(C) Price, utility and time
(D) Price, quantity and utility
Who said “Capitalism contain seeds of its own destruction”?
(A) Adam Smith
(B) Karl Marx
(C) Ricardo
(D) Samuelson
Demerits of mixed economy can be seen in:
(A) Inefficiency
(B) Corruption
(C) Fear of nationalism
(D) All of the above
Demerit of socialism lies in:
(A) Concentration of power in government hand
(B) Bureaucratic set up
(C) Wrong calculation of cost
(D) All of the above
Revealed preference theory was presented by?
(A) Adam Smith
(B) Samuelson
(C) Marshall
(D) Ricardo
J.R Hicks was?
(A) Keynesian economist
(B) Classical economist
(C) Neo-classical economist
(D) None of the above