Basics of Economics
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Q 41. Which of the following is true?
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Q 42. The difference between GDP and NDP equals:
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Q 43. National Income means:
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Q 44. Supply curve represents -------- relationship between quantity and price
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Q 45. There is ------- relationship between price and quantity supplied
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Q 46. When MC is greater than AC, AC
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Q 47. The cost of next best alternative is called
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Q 48. A fall in the market demand, supply remaining the same results in
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Q 49. There is no distinction between firm and industry in
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