(A) Change in total cost due to addition of one unit
(B) Total cost divided by additional unit;
(C) Total cost divided by total units produced
(D) Total sales / Total production
Tag: Economics Mcqs With Answers
If a firms cost of raw material increases then:
(A) Market price of the final product will also
increase
(B) Equilibrium level of quantity also increases
(C) Marginal cost curve will shift upward
(D) Marginal cost curve will shift downward
Law of returns to scale applies when………?
(A) All inputs cost are variable
(B) All input cost are fixed;
(C) All cost are partly fixed and partly variable
(D) None
Personal taxes in India best illustrates a:
(A) Proportional tax system
(B) Progressive tax system
(C) Indirect tax system
(D) Value added tax system
Balance of trade is:
(A) The difference between balance on current account
and capital account
(B) Same as the balance of merchandize trade
(C) Same as the balance of current account
(D) Overall BoP balance.
In which sector of Indian economy will we find a high rate of disguised unemployment?
(A) Service sector.
(B) Agriculture sector.
(C) Manufacture sector.
(D) Mining sector.
Unemployment that arises when there is a general downturn in business activity is known as:
(A) Frictional unemployment
(B) Structural unemployment
(C) Cyclical unemployment
(D) Disguised unemployment
Consumption demand does not depend upon the level of:
(A) Income
(B) Propensity to consume
(C) Consumer spending
(D) Marginal efficiency of investment.