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This set of Principles of Economics and Management Multiple Choice Questions & Answers (MCQs) focuses on Principles Of Economics And Management Set 3

Q1 | Quantity of a certain goods producers are willing to supply when receiving a certain price is known as ______.
Q2 | A point where the quantity of goods being supplied is exactly the same as the quantity of goods being demanded is known as _______
Q3 | If all other factors remain equal, the higher the price of a good, the fewer people willdemand that good means what?
Q4 | Producers supply more at a higher price because selling more quantity at higher price increase revenue means what?
Q5 | Which are the factors of production?
Q6 | Which is the stages of law of variable proportions?
Q7 | Which is the stages of law of returns to scale?
Q8 | Which is not a part of cost?
Q9 | To find out cut-off production volume means no profit no loss which concept is used?
Q10 | Total Cost equals to ______.
Q11 | Where is exchange of goods and services take place?
Q12 | Which is the type of market?
Q13 | _______ refers to a market with a single seller.
Q14 | Full form of GNP.
Q15 | Full form of GDP.
Q16 | What is Disposable Personal Income?
Q17 | _______ is about not having enough money to meet basic needs including Food,Clothing and Home.
Q18 | A situation in which a person is jobless is knows as _____.
Q19 | Which is the types of unemployment?
Q20 | ______ is defined as a continuous increase in the general level of prices for goods andservices
Q21 | _______ is an economic good that acts as a medium of exchange in transaction.
Q22 | Identify the function of money.
Q23 | Which one is known as plastic money?
Q24 | From which policy government adjusts its spending levels and tax rates to monitor and influence a nation’s economy.
Q25 | Financial activities done by bank is called _____.