ECO401 Solved MCQs Mega Collection for Mid Term Papers
and Upcoming Quiz.
Try to solved the ECO401 Solved MCQs Mega
Collection for Mid Term Papers and Upcoming Quiz yourself for better
Preparation of mid term papers.
ECO401 Midterm MCQ Question no 1:mcq
A partial explanation for the inverse relationship between price and
quantity demanded is that a:
► Lower price shifts the supply curve to the left.
► Higher price shifts the demand curve to the left.
► Lower price shifts the demand curve to the right.
► Higher price reduces the real incomes of buyers.
The total utility curve for a risk neutral person will be:
► Straight line.
► Convex.
► Concave.
► None of the given options.
ECO401 Midterm MCQ Question no 3:
A welfare loss occurs in monopoly where:
► The price is greater than the marginal cost.
► The price is greater than the marginal benefit.
► The price is greater than the average revenue.
► The price is greater than the marginal revenue.
Which of the following is NOT a factor of production?
► Labour.
► Land.
► Capital.
► Investment.
ECO401 Midterm MCQ Question no 5:
Which of the following does NOT refer to macroeconomics?
► The study of the aggregate level of economic activity.
► The study of the economic behavior of individual decision-making
units such as consumers, resource owners, and business firms.
► The study of the cause of unemployment.
► The study of the cause of inflation.
ECO401 Midterm MCQ Question no 6:
Demand is elastic when the elasticity of demand is:
► Greater than 0 but less than 1.
► Greater than 1.
► Less than 0.
► Equal to 1.
ECO401 Midterm MCQ Question no 7:
An individual whose attitude towards risk is known as:
►Risk averse.
► Risk loving.
► Risk neutral.
► None of the given options.
Also read : ISL201 Islamic Studies Short questions for quiz and exams
ECO401 Midterm MCQ Question no 8:
The concept of a risk premium applies to a person that is:
► All of the given options.
►Risk averse.
► Risk neutral.
► Risk loving.
ECO401 Midterm MCQ Question no 9:
An individual whose attitude towards risk is known as:
►Risk averse.
► Risk loving.
► Risk neutral.
► None of the given options.
ECO401 Midterm MCQ Question no 10:
Which of the following is NOT a factor of production?
► Labour.
► Land.
► Capital.
► Investment.
You Can Download Solved Mid Term Papers, Short Notes, Lecture Wise Questions Answers Files, Solved MCQs, Solved Quizzes , Solved Mid Term Subjective Papers , Solved Mid Term Objective Papers From This Discussion For Preparation Mid Term Papers of Fall 2014
For important helping material related to the subject ( Solved MCQs, Assignments, Short Notes, Solved Past Papers, E-Books, Recommended Books, FAQs, Help & Tutorials , Short Questions Answers & more). You must view all the featured discussion in this subject group.
and Upcoming Quiz.
Try to solved the ECO401 Solved MCQs Mega
Collection for Mid Term Papers and Upcoming Quiz yourself for better
Preparation of mid term papers.
ECO401 Midterm MCQ Question no 1:mcq
A partial explanation for the inverse relationship between price and
quantity demanded is that a:
► Lower price shifts the supply curve to the left.
► Higher price shifts the demand curve to the left.
► Lower price shifts the demand curve to the right.
► Higher price reduces the real incomes of buyers.
ECO401 Midterm MCQ Question no 2:
The total utility curve for a risk neutral person will be:
► Straight line.
► Convex.
► Concave.
► None of the given options.
ECO401 Midterm MCQ Question no 3:
A welfare loss occurs in monopoly where:
► The price is greater than the marginal cost.
► The price is greater than the marginal benefit.
► The price is greater than the average revenue.
► The price is greater than the marginal revenue.
Also read : CS 201 all past solved midterm papers 2015ECO401 Midterm MCQ Question no 4:
Which of the following is NOT a factor of production?
► Labour.
► Land.
► Capital.
► Investment.
ECO401 Midterm MCQ Question no 5:
Which of the following does NOT refer to macroeconomics?
► The study of the aggregate level of economic activity.
► The study of the economic behavior of individual decision-making
units such as consumers, resource owners, and business firms.
► The study of the cause of unemployment.
► The study of the cause of inflation.
Also read : Financial Accounting MGT101 Solved Papers
ECO401 Midterm MCQ Question no 6:
Demand is elastic when the elasticity of demand is:
► Greater than 0 but less than 1.
► Greater than 1.
► Less than 0.
► Equal to 1.
ECO401 Midterm MCQ Question no 7:
An individual whose attitude towards risk is known as:
►Risk averse.
► Risk loving.
► Risk neutral.
► None of the given options.
Also read : ISL201 Islamic Studies Short questions for quiz and exams
ECO401 Midterm MCQ Question no 8:
The concept of a risk premium applies to a person that is:
► All of the given options.
►Risk averse.
► Risk neutral.
► Risk loving.
ECO401 Midterm MCQ Question no 9:
An individual whose attitude towards risk is known as:
►Risk averse.
► Risk loving.
► Risk neutral.
► None of the given options.
ECO401 Midterm MCQ Question no 10:
Which of the following is NOT a factor of production?
► Labour.
► Land.
► Capital.
► Investment.
You Can Download Solved Mid Term Papers, Short Notes, Lecture Wise Questions Answers Files, Solved MCQs, Solved Quizzes , Solved Mid Term Subjective Papers , Solved Mid Term Objective Papers From This Discussion For Preparation Mid Term Papers of Fall 2014
For important helping material related to the subject ( Solved MCQs, Assignments, Short Notes, Solved Past Papers, E-Books, Recommended Books, FAQs, Help & Tutorials , Short Questions Answers & more). You must view all the featured discussion in this subject group.
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