Managerial Economics

The period of the first five year plan was.............

Externalities are called as

Total income is distributed between profit and -------------------

Macro theory of distribution is called as-------------------

• distributive shares

• distributive income

• distributive wage

• distributive salary

What effect is working when the price of a good falls and consumers tend to buy it instead of other goods.

• Income effect

• Substitution effect

• Price effect

• complementary effect

Which one is not a property of isoquant

• Downward sloping

• Convex

• Negative slope

• Positive slope

The famous book on economics “An Enquiry into the Nature and Cause of Wealth of     Nation” was written by 

• Marshal

• Ricardo

• Robins

• Adam smith

Two goods that are used jointly to provide satisfaction are called

• Inferior goods

• Normal goods

• Complementary goods

• Substitute goods

The core problem in economics study is

• Money

• Scarcity

• Production

• Allocation

Fixing prices for the factors of production is called theory of -----------

• demand

• supply

• distribution

• rent