(A) Many goods
(B) Two goods
(C) Few goods
(D) A few goods
Category: Economics Mcqs
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An IC normally slopes downward from:
(A) Left to right
(B) Right to left
(C) Both of them
(D) None of the above
Utilities can be multiplied according to:
(A) Classical approach
(B) Cardinal approach
(C) Neo-classical approach
(D) None of the above
Marginal utility is only meant for:
(A) Half utility
(B) Additional utility
(C) Full utility
(D) Multiplied utility
According to classical theory,utility:
(A) Can be ranked
(B) Can be counted
(C) Can be expressed in numbers
(D) Cannot be expressed in numbers
From analysis, it is clear that both Marshal ans Walras market models are:
(A) Unstable
(B) Variable
(C) Stable
(D) Fluctuating
The partial equilibrium model keeps other things:
(A) Variable
(B) Increasing
(C) Constant
(D) Decreasing
The production possibility curve is concerned with:
(A) Resources of the economy
(B) Limitations of the economy
(C) Interests of the econony
(D) Qualities of the economy