General Economics MCQs

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Q 211. Multiplier is obtained by:

(A) 1 - MPC
(B) 1/1- MPS
(C) 1/1- APC
(D) 1/1-MPC

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Q 212. Who repudiated Say’s law of market?

(A) J
(B) Say B. David Ricardo
(C) J.S. Mill
(D) J.M. Keynes

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Q 213. Pick the odd one out:

(A) J
(B) Say B. David Ricardo
(C) Adam Smith
(D) J.M. Keynes

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Q 214. J.B. Say was a ---------------Economist.

(A) Swedish
(B) German
(C) French
(D) Americal

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Q 215. Say’s Law of market was proved wrong by:

(A) Industrial revolution
(B) Great Depression
(C) Green revolution
(D) Gulf war

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Q 216. Wages and prices are ----------, according to the Classicals.

(A) Rigid
(B) Flexible
(C) Both
(D) All of these

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Q 217. Primary sector includes:

(A) Agriculture
(B) Industry
(C) Services
(D) Banking

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Q 218. Wear and tear of capital due to constant use means:

(A) Intermediate consumption
(B) Final consumption
(C) Depreciation
(D) Devaluation

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