Economics GK Quiz Questions and Answers - 2

Question: 6

Reward paid to capital is _____

(A) Rent

(B) Wages

(C) Profit

(D) Interest

Question: 7

When marginal product is positive, the total product _____

(A) Remains constant

(B) Is not affected

(C) Increases

(D) Decreases

Question: 8

When total utility increases, marginal utility _____

(A) Is maximum

(B) Is one

(C) Is zero

(D) Declines

Question: 9

Indifference curve assumes, the consumer has a _____ amount of money to spend on the two goods.

(A) Maximum

(B) Less

(C) More

(D) Fixed

Question: 10

In economics, we make use of _____

(A) Deductive method

(B) Inductive method

(C) Both

(D) None of these