Top 350+ Solved Micro Economics 1 MCQ Questions Answer

a. the satisfaction level of both the commodities

b. the income level of the consumer

c. the price ratio of both the commodities under consideration

d. price level of a country

a. differ from point to point

b. is equal on the other side of the mid point

c. is the same

d. is increasing

a. the satisfaction level of both the commodities

b. the income level of the consumer

c. the price ratio of both the commodities under consideration

d. price level of a country

a. is always positive

b. is always negative

c. depends upon price effect

d. determines the nature of the commodity

a. is always positive

b. depends upon the nature of the commodity

c. depends upon price effect

d. sometimes negative and sometimes positive

a. falling income effect

b. rising income effect

c. negative income effect

d. positive marshallian effects

a. always parallel

b. may be parallel

c. may not be parallel

d. both b and c

a. weak ordering

b. strong ordering

c. constant ordering

d. multiple ordering

a. Schools

b. Roads and Railwlays

c. Sanitary facilities

d. Hospitals

a. Savings, investment and income methods

b. Outlay, depreciation and production methods,

c. Production, outlay and income methods,

d. Revenue, consumption and production methods

a. Imports

b. Depreciation

c. Taxes on Agriculture

d. Net income from abroad

a. General Equilibrium

b. Unstable equilibrium

c. Stable equilibrium

d. Partial equilibrium

a. Cross section analysis

b. Flow concept

c. Stock concept

d. None

a. Not part of Production

b. A part of production

c. A part of consumption

d. Not a part of consumption

a. Cost push factor

b. Excessive money supply

c. Excessive production

d. Demand pull factors