Fundamentals of Economics MCQs and Notes
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Q 11. The ____ states that bad money drives good money out of circulation.
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Q 12. ________ competition exists when the basic features of Perfect Competition are not present.
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Q 13. On the basis of time element, markets can be classified into __________ types.
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Q 14. The additional cost incurred to produce an additional unit of output is _______
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Q 15. __________ cost is also known as Alternative Cost.
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Q 16. ________ means transformation of physical inputs into output.
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Q 17. Which factor of production is considered as a produced means of production?
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Q 18. There are _______ stages of the Law of Variable Proportions
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Q 19. ___________ is a gift of nature.
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Q 20. When two or more different goods are produced together by a single firm, it is called as _________ supply.
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