Top 350+ Solved Micro Economics 1 MCQ Questions Answer

a. Saving

b. MPC

c. MPS

d. APS

a. Adam Smith

b. Ricardo

c. Keynes

d. Pigou

a. 0.8

b. 0.2

c. 1.2

d. 20

a. MPC

b. APC

c. Autonomous consumption

d. Induced consumption

a. Higher saving rate

b. Higher import

c. Lower export

d. Low production

a. 5

b. 0.5

c. 2

d. 4

a. Keynes

b. J B say

c. Marshall

d. Pigou

a. Income inelastic

b. Instable

c. Interest elastic

d. Income elastic

a. Not profitable

b. Profitable

c. Breakeven

d. Cannot say

a. S=I

b. S>I

c. S<I

d. S=0

a. Important determinants of consumption

b. Unimportant determinants of consumption

c. Determinants of investment

d. Determinants of business’s willingness to pay

a. 0

b. 1

c. 100

d. 1000

a. Macro

b. Micro

c. Both

d. None

a. Capital stock increases

b. Capital stock decreases

c. Capital remains constant

d. None of the above

a. 1+MPS = MPC

b. 1- MPC = MPS

c. MPC + MPS >1

d. MPC+ MPS<1