Multiple Choice
Which one of the following is an example of close substitute:
A) Tea and Coffee
B) Milk and water
C) Bread and Butter
D) Pen and pencil
Correct Answer:
Verified
Correct Answer:
Verified
Q3: The Scarcity definition of Economics is the
Q4: The demand curve for Giffen's goods:<br>A)Vertical<br>B)Horizontal<br>C)Negative slope<br>D)Positive
Q5: Indifference Approach is related with:<br>A)Marshall<br>B)J.R. Hicks<br>C)Samuelson<br>D)Sismondi
Q6: Total Revenue is the maximum when Marginal
Q7: Which cost is to be incurred by
Q9: For complementary goods, the cross elasticity of
Q10: The marginal utility theory is contributed by:<br>A)Marshall<br>B)David
Q11: The Wealth of Nations is the work
Q12: Market economy is also known as:<br>A)Socialist economy<br>B)Capitalist
Q13: A fall in the price of the