Economics MCQ Questions and Solutions with Explanations | Commerce

A. Introduction of the new products

B. Uncertain policy of rival firms

C. Changes in tastes

D. All of the above

A. Two goods are perfect substitutes

B. Two goods are imperfect substitutes

C. Two goods are perfect complementary goods

D. None of the above

A. Labour force

B. Production

C. Money supply

D. Exports

A. Labour force

B. Production

C. Money supply

D. Exports

A. Systematic

B. Arithmetic

C. Geometric

D. Automatic

A. Distance between TR and TC is maximum

B. Distance between AR and AC is maximum

C. Distance between MR and MC is maximum

D. None of the above

A. AR = MR

B. AR < MR

C. AR > MR

D. None of the above

A. Homogeneous

B. Heterogeneous

C. Lazy

D. Intelligent

A. Homogeneous

B. Heterogeneous

C. Lazy

D. Intelligent

A. Increases efficiency of labour

B. Spoils labour

C. Increases division of labour

D. a' and 'c' both