Economics Class 09

The activity to satisfy human wants is called:

• Consumption

• Saving

• Investment

• Scarcity

In any country, investment depends upon:

• Weather conditions

• Business conditions

• National savings

• Consumption

The part of wealth which is man made is:

• Property

• Capital

• Asset

• Investment

Savings depend on:

• Income

• Price

• Demand

• Supply

Which of the following does not change with the change in income?

• Investment

• Autonomous investment

• Induced investment

• Real investment

GDP is a part of:

• GNP

• NI

• NNP

• Personal income

Positive difference between income and consumption level is called:

• Investment

• Personal income

• Disposable personal income

• Saving

Savings depend on:

• Income

• Price

• Demand

• Supply

The power of a commodity to satisfy human want is called:

• Value

• Scarcity

• Utility

• Price

Who is the exponent of welfare economics?

• Adam Smith

• Marshall

• Robbins

• Keyens