Basics of Economics MCQs and Notes
Q. Consumption of capital good in the process of production is called as:
✅ Correct Answer: (B)
depreciation
Q. In classical theory the level of employment is a function of:
✅ Correct Answer: (D)
real wage rate
Q. Laws of return shows ---------production function.
✅ Correct Answer: (A)
short-term
Q. Supply curve represents -------- relationship between quantity and price.
✅ Correct Answer: (A)
direct
Q. The want satisfying power of a commodity:
✅ Correct Answer: (B)
utility
Q. Marginal efficiency of investment curve is:
✅ Correct Answer: (A)
slopping downwards
Q. The expected return on investment is called:
✅ Correct Answer: (D)
marginal efficiency of investment
Q. As income increases consumption also increases, but:
✅ Correct Answer: (C)
less than proportionately
Q. Exports minus imports is termed as:
✅ Correct Answer: (C)
net exports