Top 150+ Solved General Economics 1 MCQ Questions Answer
Q. In classical theory the level of employment is a function of:
a. Price level
b. Money wage rate
c. Quantity of money
d. Real wage rate
Q. Consumption of capital good in the process of production is called as:
a. Capital Consumption
b. Depreciation
c. Decay of Capital
d. None of the above
Q. Returns to scale examines the production function in the:
a. Short-term
b. Medium term
c. Long term
d. Quinquinial