Tag: Economics Quiz

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