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Business Economics Quiz 35 (30 MCQs)

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1. Which of the following pricing strategies best describes price lining?
2. Which of the following is an example of a need?
3. Odd-even pricing falls under the category of which of the following?
4. The distinction between variable cost and fixed cost is relevant only in
5. Which of the following terms refers to the amount paid for an existing business beyond the value of its other assets?
6. Who gave welfare definition of economics
7. What does the scarcity of resource implies .....
8. Define-interest rates are defined as the
9. .... refers to the quantity of a good or service that producers are willing and able to sell during a certain period under a given set of conditions
10. ..... is the benefit or satisfaction gained from the use of a good or service.
11. At what point does total utility starts diminishing?
12. Pigou was an ardent supporter of
13. Economics is a study of mankind in a ordinary business of life-it's the statement of
14. When production increases fixed costs does what?
15. Of the four factors of production, which of these are not a factor of production?
16. Selling cost have to be incurred in case of
17. Which of the following is not the feature of capitalist economy:
18. Ricardian theory measures comparative cost in terms of
19. What is the difference between Micro Economics and Macro Economics?
20. Workers in the ..... sector do not produce goods.
21. Which of the following is a business comparing when it analyzes the cost of buying wood desks versus the cost of buying metal desks:
22. In a sole proprietorship, who will get the profit?
23. Additional utility derived from the consumption of an additional unit of a commodity is called:
24. Which type of scarcity is referred to in economics
25. The effort of two or more people, acting independently, to get the business of others by offering the best deal is called .....
26. Capitalist economy is also known as-
27. The government finance is called.
28. Which of the following is NOT a question that results from scarcity?
29. Demand curve may shift right or left depending on the price variation
30. ..... refers to the work area where surplus manpower is employed out of which some individuals have zero or almost zero marginal productivity, such that if they are removed the total level of output remains unchanged.
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