MCQs Economics – 3

Online Multiple Choice Questions about Economics for the preparation of Jobs and Economics Educational Examinations related such as Lecturer, Research Analyst, and Economist, etc.

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1. The elasticity of demand for durable goods is

 
 
 
 

2. Who presented the quantity theory of money?

 
 
 
 

3. The methods of measuring the elasticity of supply are

 
 
 
 

4. Which Economists presented the law of diminishing marginal utility?

 
 
 
 

5. The economy gets maximum prosperity during

 
 
 
 

6. According to the law of increasing return, marginal product

 
 
 
 

7. Rent of the building is included in

 
 
 
 

8. In inflation prices

 
 
 
 

9. International trade has the benefits

 
 
 
 

10. Ushr implies on

 
 
 
 

11. It is a Federal Tax

 
 
 
 

12. The quality of a good which satisfies a human want to called as

 
 
 
 

13. Inflation will be useful for

 
 
 
 

14. National income does not include

 
 
 
 

15. The economy gets prosperity during

 
 
 
 

16. Average revenue is equal to

 
 
 
 

17. When the price falls supply

 
 
 
 

18. Who described Economics as a science of wealth?

 
 
 
 

19. The other name of the law of diminishing return is

 
 
 
 

20. Who is responsible for profit and loss in the business?

 
 
 
 

MCQs Economics