15+ Economics Objective Type Questions and Answers - 2

Question: 6

What is the other name for money income?

Nominal income

Question: 7

What is produced to promote human welfare?

Wealth

Question: 8

Give two examples for physical sciences?

Physics and Chemistry

Question: 9

Who criticized the wealth definition of economics?

Ruskin and Carlyle

Question: 10

What are the prices distributed for the use of factors of production

Rent, Wage, Interest and Profit