(A) Resources of the economy
(B) Limitations of the economy
(C) Interests of the econony
(D) Qualities of the economy
Tag: Economics Mcqs With Answers
In Recardian theory of value the stress has been made on:
(A) Marginal cost
(B) Labour cost
(C) Production cost
(D) Collection cost
The factors of production in economics are:
(A) Two
(B) Six
(C) Three
(D) Four
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