MCQs Economics – 4

1. The reward for capital is called

2. How many methods can be used for cultivation?

3. If pen and ink are complements, then an increase in the price of the pen will cause

4. Due to devaluation exports become

5. If total expenditure decreases with the rise in price elasticity of demand will be

6. The market structure in which strategic considerations are most important is

7. A market is said to be in equilibrium when

8. The marginal cost curve always intersects the averages cost curve at

9. During a year aggregate value of produced goods and services of a country is called

10. The supply of land is

11. A monopolistically competitive firm in the long run equilibrium

12. As more of a good is consumed, then total utility typically

13. Macro Economics was introduced by

14. The supply of perishable goods is

15. Personal income includes

16. The shape of AR and MR under perfect competition is

17. The reward for labour is

18. A monopolistically competitive firm in short run equilibrium

19. Income elasticity shows the relationship between

20. The quality of a commodity that satisfies human wants