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MCQs for topic: GENERAL ECONOMICS

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1 Goods which are produced in order to produce other goods are known as:

2 Increase in supply usually .............the price and .............the quantity demanded

3 Employees of a factory are likely to receive increment in wages when ................is/are increasing:

4 The fundamental concept of Economics about resources is that the resources are:

5 Consider a world without scarcity of resources. Then what would be the consequences?

6 Who is considered the founder of Microeconomics?

7 Who is considered the founder of Macroeconomics?

8 When analyzing the impact of a variable on the economic system, the other things :

9 Inputs are combined with technology to produce outputs. the fundamental inputs(also called factors of production) are:

10 Which Economic Term is used to represent Inequality in Income distribution:

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Question ID: 1341