GM Statistics Economics MCQs Economics – 2

MCQs Economics – 2


MCQs Economics for the preparation of different Job and educational degree-related tests and examinations.

1. When does national income increases


2. Consumer goods are those goods that are used by a man


3. Which economist presented the Cardinal Theory of Utility


4. What is deducted from GNP finds GDP?


5. The elasticity of demand for durable goods is


6. What remains after the deduction of direct taxes form the personal income


7. What was the difficult of the “barter system”?


8. When the price falls, supply will be


9. Canons of taxation describe


10. The quality of a good which satisfies a human want is called as


11. Who is the writer of “The Wealth of Nations”?


12. Who wrote “The Nature and Significance of Economics”?


13. According to the law of diminishing marginal utility, the marginal utility


14. The slope of a demand curve is


15. When the price of a product falls, supply will be


16. International trade has the benefits


17. Inflation on prices


18. Who criticized Prof. Robbin’s definition?


19. Phases of the trade cycle are


20. The unity method of elasticity of demand was presented by


Try MCQs Economics Test 1

Leave a Reply