Tag: Economics Quiz

MCQs Economics – 2

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

1. Inflation on prices

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

5. Who criticized Prof. Robbin’s definition?

 
 
 
 

6. Canons of taxation describe

 
 
 
 

7. The elasticity of demand for durable goods is

 
 
 
 

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

 
 
 
 

9. Which economist presented the Cardinal Theory of Utility

 
 
 
 

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

 
 
 
 

11. When does national income increases

 
 
 
 

12. The slope of a demand curve is

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

16. When the price falls, supply will be

 
 
 
 

17. Phases of the trade cycle are

 
 
 
 

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

 
 
 
 

19. What is deducted from GNP finds GDP?

 
 
 
 

20. International trade has the benefits

 
 
 
 

Try MCQs Economics Test 1