Category: Economics Mcqs

(A) Total cost of distribution
(B) Total cost of production
(C) Unit cost of production
(D) Unit cost of distribution

(A) Marginal product is rising
(B) Marginal product is zero
(C) Marginal product is falling
(D) Marginal product remains constant

(A) Mixed economy
(B) Socialist economy
(C) Capitalist economy
(D) Command economy

(A) Elastic
(B) Inelastic
(C) Perfectly elastic
(D) Perfectly inelastic

(A) An ordinary loan
(B) A personal loan
(C) Discounting a bill of exchange
(D) An overdraft

(A) A smaller part of their income
(B) A larger part of their income
(C) An equal part of their income
(D) All of their income

(A) Low level of standard of living
(B) Low level of income
(C) Low level of saving
(D) Low rates of interest

(A) Recession
(B) Inflation
(C) Stagflation
(D) Deflation