Tag: Economics Mcq Questions and Answers

(A) Many sellers and many buyers
(B) A few sellers and many buyers
(C) A few sellers and few buyers
(D) A few buyers and many sellers

(A) Consumption in the function of income
(B) Consumption in the function of saving
(C) Income in a function of Consumption
(D) Income in a function of saving

(A) All the services and goods
(B) Wages in terms of money
(C) Bonus
(D) Accident compensation

(A) Whose external value is increasing
(B) Which can be acquired only with official permission
(C) Which can be obtained only against sale of gold
(D) Which is really accepted in international transections

(A) Increase the sale of tea
(B) Decrease the sale of coffee
(C) Increase the sale of coffee
(D) Decrease the price of tea

(A) Savings
(B) Loanable funds
(C) Money
(D) Capital goods

(A) Price=Average cost
(B) Average cost=Marginal cost
(C) Marginal cost=Marginal revenue
(D) Marginal revenue=Average cost

(A) Consumer good
(B) Consumer durable
(C) Social good
(D) Capital single use good