( All those which i have tried to save)
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Question # 1 of 20 ( Start
time: 05:30:41 PM )
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Total
Marks: 1
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If a 4% rise in consumer’s
incomes causes an 8% rise in product’s demand, the income elasticity of
demand for the product will be:
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Question # 2 of 20 ( Start
time: 05:32:03 PM )
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Total
Marks: 1
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Suppose a teacher organizes a
study group by reserving a meeting room, compiling study materials and
attracting students. The meeting room would most likely be which of the
following factors of production?
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Question # 3 of 20 ( Start
time: 05:34:23 PM )
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Total
Marks: 1
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If demand for automobiles
increases and the supply curve do not shift then result will be:
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Question # 4 of 20 ( Start
time: 05:35:57 PM )
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Total
Marks: 1
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Salman makes a plan to see
movie with his friends. The cost of ticket is Rs. 300. If he will go, he
will have to forego Rs. 500 that otherwise he will get by doing work at
that time. The opportunity cost of watching movie is:
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Question # 5 of 20 ( Start
time: 05:37:33 PM )
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Total
Marks: 1
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The law of diminishing
marginal utility indicates that the demand curve is:
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Question # 6 of 20 ( Start
time: 05:39:12 PM )
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Total
Marks: 1
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At the equilibrium price,
there will be:
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Question # 7 of 20 ( Start
time: 05:41:58 PM )
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Total
Marks: 1
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Assume that the current market
price is below the market clearing level. We would expect:
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Question # 8 of 20 ( Start
time: 05:43:27 PM )
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Total
Marks: 1
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Economics is different from
other social sciences because it is primarily concerned with the study of
________.
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Question # 9 of 20 ( Start
time: 05:44:57 PM )
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Total
Marks: 1
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“In order to produce
additional units of a particular good, it is necessary for society to
sacrifice increasingly larger amounts of alternative goods”. It is the
statement of law of:
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Question # 10 of 20 ( Start
time: 05:47:52 PM )
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Total
Marks: 1
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When the cross-price
elasticity of demand for two goods is less than zero then the goods
are___________ goods.
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Question # 11 of 20 ( Start
time: 05:49:18 PM )
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Total
Marks: 1
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Sultan is running a logistics
business and provides logistics services to the local business community.
For his company, truck falls in the category of _______.
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Question # 12 of 20 ( Start
time: 05:50:24 PM )
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Total
Marks: 1
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Price floor results in:
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Question # 13 of 20 ( Start
time: 05:53:23 PM )
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Total
Marks: 1
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If a 2% rise in consumer’s
incomes causes a 4% rise in product’s demand, the income elasticity of
demand for the product will be:
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Select correct option:
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