Economics: Multiple Choice Questions with Answers

71. Surplus Budget is recommended during the period of?

A. Boom

B. Depression

C. War

D. Famine

72. Human Development Index was developed by?

A. Mahbub-ul-Haq

B. Amartya Sen

C. Montek Singh

D. Friedmann

73. Interest in public debt is a part of?

A. transfer payments by the enterprises

B. transfer payments by the Govt.

C. Interest payments by households

D. National Income

74. The addition to total cost by producing an additional unit of output by a firm is called?

A. Average Cost

B. Variable Cost

C. Marginal Cost

D. Opportunity Cost

75. Micro-economics is also called?

A. Income theory

B. Price theory

C. Expenditure theory

D. Investment theory

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