According to cardinal approach of consumers behavior, consumer is:
A) Constant B) Increasing C) Decreasing D) None of these
The theory of choice is about:
A) Cost of production B) Labor C) Preference of people D) …
David Ricardo coined the concept of:
A) General science B) Partial pressure C) Diminishing returns D) All of these
Who was Adam Smith?
A) Sociologist B) Politician C) Political economist D) All of …
The concept of invisible hand coined by whom?
A) Arch Bold B) Alfred Marshall C) Adam Smith D) None of …
Who is the author of the book The Wealth of Nations?
A) Alfred Marshall B) Adam Smith C) August Comtey D) None of these
Microeconomics is related with what?
A) The individual economic behavior B) The whole economy C) Industrial areas …
What are the points on the production possibilities frontier?
A) Unattainable B) Efficient C) Inefficient D) None of these
Which is the fundamental economic problem?
A) Scarcity B) Poverty C) Unemployment D) Inflation
Which is considered as factor of production?
A) Land B) Skills C) Labor D) A & C