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ECO401 - Economics

All MCQs Tests - VU ECO401 - Economics

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Subject ECO401 - Economics Chapter / Term All MCQs
Quiz No 1 Total Time 10 Minute(s) No. of Questions 10 Question(s)
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Chapter / Term
Time
Question(s)

Q1

Question 1: LM curve shows the equilibrium in:

Q2

Question 2: If there are 30 percent chances that machine will work well and 70 percent chances that it will not function well, then the odd ratio will be:

Q3

Question 3: All of the following conditions lead to the successful operation of a cartel EXCEPT

Q4

Question 4: If the required reserve ratio is 20% then what will be the value of money multiplier?

Q5

Question 5: A group of modern economists who believe that markets clear very rapidly and that expanding the money supply will always increase prices rather than employment are the:

Q6

Question 6: The rate at which a firm can substitute capital for labour and hold output constant is the:

Q7

Question 7: The total cost (TC) function is given as TC = 200 + 5Q. What will be the average total cost if four units of commodity are produced?

Q8

Question 8: The shape of production possibilities curve is:

Q9

Question 9: In which condition, the IS curve will shift to the right?

Q10

Question 10: The demand curve for eggs is downward-sloping. Suddenly the price of eggs decreases from Rs.60/- per dozen to Rs.50/- per dozen. This will cause:

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