A. Disguised underemployment
B. Underemployment
C. Closed underemployment
D. None
Related Mcqs:
- To obtain the greates utility consumer should allocate money income so that last dollar spent on each good or service yields the same marginal utility ?
A. Law of diminishing return
B. Say’ law
C. Law of diminishing marginal utility
D. Say’ law - A simplified picture of economic reality, an abstract generalization ?
A. Economic theory
B. Economic principle
C. Economic model
D. None - An economic system in which property resources are publicly owned and govt uses central economic planning to direct & coordinate economic activities ?
A. Command economy
B. Closed economy
C. Open economy
D. None - Activities of central bank designed to influence financial variables such as money supply and interest rates?
A. Fiscal policy
B. Economic policy
C. Monitory policy
D. None - An increase either in real output (GDP) or in real output per capita is called___________________?
A. Economic development
B. Economic growth
C. Growth rate
D. Economic efficiency - The activity of buying or selling with the motive of later reselling or re buying for profit is called ?
A. Spillover
B. Speculation
C. Specializing
D. All - Upward shift of the demand curve is due to_________________?
A. Changing in quantity demanded
B. Increase in demand
C. Decrease in quantity demanded
D. None - The absence of artificial barriers to trade among individuals and firms in different nations ?
A. Free trade
B. Free economy
C. Trade union
D. None - A process of production that uses a higher proportion of capital as compared to other factors of production ?
A. Capital intensive technique
B. Labour intensive technique
C. Both a and b
D. None of these - An essentially risk free, long term interest rate which is free of the influence of market imperfections?
A. Pure rate of interest
B. Economic rate of interest
C. Nominal rate of interest
D. None
