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. According to the law of increasing return, marginal product

 
 
 
 

2. The elasticity of demand for durable goods is

 
 
 
 

3. Inflation will be useful for

 
 
 
 

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

 
 
 
 

5. Ushr implies on

 
 
 
 

6. National income does not include

 
 
 
 

7. Who presented the quantity theory of money?

 
 
 
 

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

 
 
 
 

9. The methods of measuring the elasticity of supply are

 
 
 
 

10. When the price falls supply

 
 
 
 

11. Who described Economics as a science of wealth?

 
 
 
 

12. It is a Federal Tax

 
 
 
 

13. The economy gets prosperity during

 
 
 
 

14. The economy gets maximum prosperity during

 
 
 
 

15. Rent of the building is included in

 
 
 
 

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

 
 
 
 

17. In inflation prices

 
 
 
 

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

 
 
 
 

19. International trade has the benefits

 
 
 
 

20. Average revenue is equal to