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MCQs

Total Questions : 235 | Page 5 of 24 pages
Question 41. The percentage of labour force unemployment at any time__________________?
  1.    Unemployment rate
  2.    Inflation rate
  3.    Deflation rate
  4.    None
 Discuss Question
Answer: Option A. -> Unemployment rate
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 42. The value of a product sold by a firm less the value of the products purchased and used by the firm to produce the product____________________?
  1.    Value added
  2.    Value of money
  3.    Vertical range
  4.    None
 Discuss Question
Answer: Option A. -> Value added
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 43. An institution or mechanism which brings together buyers and sellers is called____________________?
  1.    Market
  2.    Resource Market
  3.    Product Market
  4.    None
 Discuss Question
Answer: Option A. -> Market
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 44. A market in which products are sold by firms and bought by households is_________________?
  1.    Resource market
  2.    Product market
  3.    Consumer market
  4.    None
 Discuss Question
Answer: Option B. -> Product market
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 45. A minimum price which govt. allows seller to receive for a good or service____________________?
  1.    Ceiling Price
  2.    Floor Price
  3.    Supprot Price
  4.    All
 Discuss Question
Answer: Option C. -> Supprot Price
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 46. A compensation device through which workers receive part of their pay in the form of share of their employer’s profit___________________?
  1.    Labour laws
  2.    Labour saving scheme
  3.    Profit sharing plan
  4.    Profit maximizing plan
 Discuss Question
Answer: Option C. -> Profit sharing plan
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 47. Meaningful statement about the economic behavior or the economy is called_______________________?
  1.    Economic principle
  2.    Economic theories
  3.    Both
  4.    None
 Discuss Question
Answer: Option C. -> Both
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 48. An analytic approach in which we move from facts to theory, from a particular to general is called____________________?
  1.    Induction
  2.    Deduction
  3.    Generalization
  4.    Randomization
 Discuss Question
Answer: Option A. -> Induction
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 49. A film on economics in which economists study and observe the details of an economic unit or a very small judgment of economy is__________________?
  1.    Macroeconomic
  2.    Micro economic
  3.    Positive economic
  4.    Normative economic
 Discuss Question
Answer: Option B. -> Micro economic
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 50. In ___________________ we avoid value judgments and focus on facts?
  1.    Positive economics
  2.    Normative economics
  3.    Theoretical economics
  4.    factual economics
 Discuss Question
Answer: Option A. -> Positive economics
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

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