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Economics
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Question-1
__________ deals with the distribution of national income among various factors of production.
(A)
personal distribution
(B)
Functional distribution
(C)
fractional distribution
(D)
None of these
Question-2
Higher wages acts as ________.
(A)
Incentive
(B)
disincentive
(C)
encouragement
(D)
none of these
Question-3
Wages could be divided into ________.
(A)
Money wages
(B)
Nominal wages
(C)
1 and 2
(D)
none of these
Question-4
When variable factor is applied to a given level of Fixed factor increased, the ________ increases up to a point and then declines.
(A)
APP
(B)
MPP
(C)
APP and MPP
(D)
None of these
Question-5
Under imperfect competition in the product market _________.
(A)
VMP>MRP
(B)
VMP < MRP
(C)
VMP=MRP
(D)
None of these
Question-6
Under perfect competition in the product market __________.
(A)
VMP > MRP
(B)
VMP < MRP
(C)
VMP = MRP
(D)
none of these
Question-7
Trade Union raise wages by _________.
(A)
Increased supply of labour
(B)
collective bargaining
(C)
increasing market demand
(D)
None of these
Question-8
__________ shows the different quantities of labour which would be employed by firms at different wages.
(A)
Supply of curve of labour
(B)
Demand curve for labour
(C)
equilibrium of labour
(D)
all of these
Question-9
The demand for labour is a __________ demand.
(A)
direct
(B)
derived
(C)
derivative
(D)
none of these
Question-10
When variable factor is applied to a given level of Fixed factor increased, the total product ____________.
(A)
Increases
(B)
decreases
(C)
increases up to a point and then declines
(D)
None of these
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Plus 2 Humanities
ICSE/ISC
Practice in Related Chapters
Micro Economic Theory
Theory of Consumer Behavior; Marginal Utility and Indifference Curve Analysis
Law of Supply and Price Elasticity of Supply
Laws of Returns - Returns to a Factor and Returns to Scale
Demand and Law of Demand
Elasticity of Demand
Cost and Revenue Analysis
FORMS OF MARKET
EQUILIBRIUM OF FIRM
Determination of Equilibrium Price and Output Under Perfect Competition Monopoly and Monopolistic
Equilibrium Price: Market Price
Nature of Goods and Services Produced
National Income Aggregates
INTERNATIONAL TRADE; NEED AND BASIS
Balance of Payments
Theory of Distribution: Marginal Productivity Theory and Determination of Wages
Public Expenditure
PUBLIC DEBT
Fiscal Policy and Deficit Financing
The Theory of Distribution: Rent, Interest and Profit
National Income and Circular Flow of Income
Measurement of National Income
- GOVERNMENT BUDGET
PUBLIC FINANCE;TAXATION
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