MCQs Economics – 2

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

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


2. Who criticized Prof. Robbin’s definition?


3. Inflation on prices


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


5. Which economist presented the Cardinal Theory of Utility


6. The slope of a demand curve is


7. When does national income increases


8. The elasticity of demand for durable goods is


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


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


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


12. International trade has the benefits


13. What is deducted from GNP finds GDP?


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


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


16. Canons of taxation describe


17. Phases of the trade cycle are


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


19. When the price falls, supply will be


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


Try MCQs Economics Test 1