Economics MCQs For Lectureship CSS PMS And NTS Part II. Economics MCQs For Lectureship CSS PMS And NTS Part II.
Economics MCQs For Lectureship CSS PMS And NTS Part II
1 Who developed Wages-fund Theory?
John Stuart Mill
2 Under monopoly in the labor market, what will be the position of the supply curve of labor facing the firm?
Upward-sloping to the right
3 To whom economic rent can accrue?
Any of the factors of production
4 What is quasi-rent?
Excess of total receipts over the total variable cost
5 The additional earnings that a factor of production, whose supply is fixed in the short run, may get is called
6 Does savings normally give rise to the demand for loan-able funds?
7 The demand for money for speculative motives mainly depend on what?
Rate of interest
8 What is the another name of the Neo-classical Theory of the rate of interest?
Loanable Funds Theory
9 Classical Theory called interest as a reward for
10 According to Joseph Schumpeter, profit is the reward for what?