100+ World Economy Online Test - 2

Question: 6

Co-existence of public and private sector is called _____ economy.

(A) Capitalist

(B) Traditional

(C) Socialist

(D) Mixed

Question: 7

If total outlay falls for a fall in price such elasticity is called _____

(A) Perfectly inelastic demand

(B) Elastic demand

(C) Inelastic demand

(D) Unitary elastic

Question: 8

_____ refers to all those natural resources or gifts of nature which are provided free to man.

(A) Organization

(B) Capital

(C) Labour

(D) Land

Question: 9

According Ricardo rent is the payment made for the use of land for its _____ powers.

(A) Material

(B) Perishable

(C) Destructible

(D) Original

Question: 10

The factors used in production have to be rewarded on the basis for their _____

(A) Cost of production

(B) Productivity

(C) Supply

(D) Demand