Business Economics multiple choice questions and answers on Business Economics MCQ questions quiz on Business Economics objective questions. Professionals, Teachers, Students and Kids Trivia Quizzes to test your knowledge on the subject.

Business Economics Quiz Question with Answer


1. With which of the following is the concept of marginal cost closely related?

  1. Variable cost
  2. Fixed cost
  3. Opportunity cost
  4. Economic cost

2. Which one of the following is also known as Long run average cost curve?

  1. Basket Curve
  2. Wallet Curve
  3. Envelope curve
  4. None of above

3. Which of the following statements is false?

  1. Statistics is derived from the Latin word status
  2. statistics is derived from Italian word statista
  3. statistics is derived from in French word statistik
  4. none

4. Which of the following is the method of measuring elasticity of demand when change in price of a commodity is substantial?

  1. Arc method
  2. Point method
  3. Percentage method
  4. None of these

5. Which of the following is the best formula of the production function?

  1. Q = F (L,L,K,E)
  2. Q = F (L,E)
  3. Q = F (L,L,K,E) T
  4. None of above

6. Which of the following is not considered production in Economics?

  1. Tilling of soil by farmers
  2. Singing a song before friends
  3. Construction of Canal by laborers
  4. Painting a picture for sale

7. Which of the following is not a characteristic of labour?

  1. Its inseparable from laborer
  2. It is immobile & passive
  3. It is human efforts
  4. It is rewarded with wages

8. Which of the following is an example of internal diseconomies?

  1. High salary of firm
  2. High tax for industry
  3. Low tax for industry
  4. Labour – management disputes in firm

9. Which of the following is an example of External economies?

  1. Low salary of firm
  2. tax exemption for industry
  3. High tax for industry
  4. Labour – management disputes of firm

10. Which of the following is an example of external diseconomies?

  1. Lower salary of firm
  2. Higher salary of firm
  3. Tax exemption by Govt.
  4. High Tax Govt. Policy

Tags :


Multiple Choice Questions and Answers on Business Economics


Business Economics Multiple Choice Questions and Answers


Business Economics Trivia Quiz


Business Economics Question and Answer PDF Online




Spreading Knowledge Across the World

USA - United States of America  Canada  United Kingdom  Australia  New Zealand  South America  Brazil  Portugal  England  Scotland  Norway  Ireland  Denmark  France  Spain  Poland  Netherland  Germany  Sweden  South Africa  Ghana  Tanzania  Nigeria  Kenya  Ethiopia  Zambia  Singapore  Malaysia  India  Pakistan  Nepal  Taiwan  Philippines  Libya  Cambodia  Hong Kong  China  UAE - Saudi Arabia  Qatar  Oman  Kuwait  Bahrain  Dubai  Israil  and many more....