Fundamentals of Economics
M
Q 11. The ____ states that bad money drives good money out of circulation.
M
Q 12. ________ competition exists when the basic features of Perfect Competition are not present.
M
Q 13. On the basis of time element, markets can be classified into __________ types.
M
Q 14. The additional cost incurred to produce an additional unit of output is _______
M
Q 15. __________ cost is also known as Alternative Cost.
M
Q 16. ________ means transformation of physical inputs into output.
M
Q 17. Which factor of production is considered as a produced means of production?
M
Q 18. There are _______ stages of the Law of Variable Proportions
M
Q 19. ___________ is a gift of nature.
M