GK Economics Test 4

GK – Economics Test – 04

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1. Which of the following is not likely to cause an increase in the population ?


2. The supply schedule far a commodity is usually assumed to be directly ‘Open to influence by all the follawing, except


3. If the demand and supply schedules for a commodity both increase by an equal absolute amount, the market price will tend to


4. Which of the following could explain why the supply curve far a commodity slopes downwards?


5. The principle of diminishing marginal utility implies that


6. Equilibium exists in the market far a commodity when


7. The marginal productivity theory of wages states that


8. Casts which vary with output amy be called


9. Which of the following do not enter into marginal casts?


10. A shift to the left of a demand curve could be due to a .


Question 1 of 10