1. When price of a commodity decreased by 4%, the quantity demanded increased by 4%. The quantity is said to have ?

 

2. In which from the following questions, we can only examine the likely consequences of alternative policies, and the answer can be resolved only by discussions?

 

3. When price of a commodity increased by 5%, the quantity demanded decreased by 3%. The quantity is said to have ?

 

4. Capital is one of the three fundamental inputs called factors of production, which is a produced and durable input and is itself an output of the economy. Which from the following is NOT among capital ?

 

5. The ultimate goal of economic science is to ?

 

6. The term recession refers to the ?

 

7. What from the following measures a government can take to reduce inequality in the distribution of income ?

 

8. When price of a commodity increased by 3%, the quantity demanded decreased by 5%. The quantity is said to have ?

 

9. The price elasticity of demand is the percentage change in _____ demanded divided by the percentage change in _____.

 

10. The economic term used to rank countries according to human development is ?