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. Which Economists presented the law of diminishing marginal utility?

 
 
 
 

2. Ushr implies on

 
 
 
 

3. Rent of the building is included in

 
 
 
 

4. International trade has the benefits

 
 
 
 

5. In inflation prices

 
 
 
 

6. National income does not include

 
 
 
 

7. It is a Federal Tax

 
 
 
 

8. The methods of measuring the elasticity of supply are

 
 
 
 

9. The economy gets prosperity during

 
 
 
 

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

 
 
 
 

11. The economy gets maximum prosperity during

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

15. Who presented the quantity theory of money?

 
 
 
 

16. When the price falls supply

 
 
 
 

17. Inflation will be useful for

 
 
 
 

18. Who described Economics as a science of wealth?

 
 
 
 

19. The elasticity of demand for durable goods is

 
 
 
 

20. Average revenue is equal to

 
 
 
 

MCQs Economics

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