Basic Economics Terms and Concepts

What do you call a proportionate saving in costs gained by an increased level of production?

Which of the following is a characteristic of human wants in terms of economics?

The problem of choice between relatively scarce commodities due to limited productive resources with the society can be illustrated with the help of a ______.

According to Malthusian theory which of the following grows in geometric progression?

In the context of agricultural costs in India, what is MSP?

All monetary transfers or kinds sent by migrants to their place of origin are called _______.

Payment made to others for the purchase of factors of production is known as _____.

_____is an economic scenario where a combination of low growth and rising inflation leads to high unemployment.

An economy in which both, the private sector and the government are involved is known as a/an_____.

What are the two variables whose relationship is given by the environmental Kuznets Curve?

Who among the following economists formulated the Law of Diminishing Marginal Utility (DMU)?

Which of the following statements is related to positive economics?

Who among the following economists coined the terminology 'Hindu Rate of Growth'? 

Which of the following statement(s) is correct regarding undistributed profit?

A. They are not paid out to investors in the form of dividends.

B. The item Undistributed profit for the Accounting Year shows the sum equivalent to the sum indicated in the Profit or Loss Statement.

Which of the following is/are undertaken while calculating undistributed profit?

Which of the following factors are associated with mixed income?

In economics, which of the following statement(s) is/are connected to undistributed corporate profits?
A. A corporation's earnings that have not been distributed to shareholders in the form of dividends.
B. Because a quickly developing firm need earnings to fuel future expansion, it will almost certainly keep all of its earnings.

Which of the following occurs when elements of factor incomes cannot be separated from one another?

Which of the following best describes the price effect on resource allocation?

Mix Farming is which kind of enterprise among the following?