Preference

Question: Demand of exported product of Bangladesh to the foreign market--

  1. a.
    Unitary elastic
  2. b.
    Zero elastic
  3. c.
    Elastic
  4. d.
    Inelastic
  5. e.
    None
Answer: c

Question: Resource in an economy--

  1. a.
    Are always fixed
  2. b.
    Can Never decrease
  3. c.
    Always increase over time
  4. d.
    Are limited at any moment in time
Answer: d

Question: Who is the pioneer of the consept 'Consumer Surplus'?

  1. a.
    Marshall
  2. b.
    Adam Smith
  3. c.
    Ricardo
  4. d.
    Keynes
  5. e.
    None of them
Answer: a

Question: The formula of determining per capital income is---.

  1. a.
    GNP × population
  2. b.
    GNP ÷ population
  3. c.
    population ÷ GNP
  4. d.
    export income ÷ population
  5. e.
    None of these
Answer: b

Question: In an economy with a progressive tax system, there is an increase in before tax incomes. What will happen to after-tax incomes?

  1. a.
    They will decrease less than proportionately
  2. b.
    They will decrease more than proportionately
  3. c.
    They will increase less than proportionately
  4. d.
    They will increase more than proportionately
  5. e.
    None of these
Answer: c

Question: Investment depends mainly on:

  1. a.
    Past levels of income
  2. b.
    Future expected profits
  3. c.
    Present national income levels
  4. d.
    Historic data
Answer: b

Question: What do you mean by demand?

  1. a.
    Desire of goods to get
  2. b.
    Necessary money
  3. c.
    Desire of spending money
  4. d.
    a, b, c combinely correct
  5. e.
    None of the above
Answer: d

Question: Which is not a tax?

  1. a.
    VAT
  2. b.
    excise duty
  3. c.
    land revenue
  4. d.
    fine
  5. e.
    none
Answer: b

Question: Sacrifice of the best possible uses is called to the---

  1. a.
    Social cost
  2. b.
    Depreciation cost
  3. c.
    Production cost
  4. d.
    Opportunity cost
  5. e.
    None of the above
Answer: d

Question: TIN Stands for--

  1. a.
    Tax Identification Number
  2. b.
    Tuna Bread Nuggest
  3. c.
    Tin In Noon
  4. d.
    Tower In Netherlands
  5. e.
    None of these
Answer: a

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