ECO401 FINAL TERM IMP MCQS 2023

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ECO401 Final term important mcqs 2023

1 / 20

If income elasticity is negative, the good is:

2 / 20

Welfare economics is the branch of economics which deals with:

3 / 20

An individual with a constant marginal utility of income will be:

4 / 20

Law of diminishing marginal utility indicates that the slope of the marginal
utility curve is:

5 / 20

Marginal profit is equal to:

6 / 20

In a period of boom, credit creation is:

7 / 20

Public investment expenditure for highways, schools, and national defense is included in which component of GDP?

8 / 20

The situation when a country imports more than it exports is known as:

9 / 20

Which of the following is TRUE?

10 / 20

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In the long run, the output level is determined by:

11 / 20

The relationship between hours provided by labor and wage rate is:

12 / 20

Demand is elastic when the elasticity of demand is:

13 / 20

In the Keynesian cross model, the aggregate expenditure line has a slope
of:

14 / 20

In Keynesian economics, if aggregate expenditures are less than aggregate
output then:

15 / 20

According to classical economics, the economy will always tend toward
full employment due to:

16 / 20

Classical economics was replaced as the dominant theory of macroeconomic analysis by:

17 / 20

The price elasticity of demand for any good must be less than or equal to
zero unless:

18 / 20

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The market structure in which strategic considerations are most important
is:

19 / 20

A market with few entry barriers and with many firms that sell differentiated
products is:

20 / 20

The numerical measurement of a consumer’s preference is called:

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Virtual university ECO401  Final term exams 2023 preparation

How to Prepare.

Preparing for the Virtual University final term exams in 2023 requires diligent and strategic preparation, with a particular emphasis on ECO401 final term MCQs. To excel in these exams, students should allocate sufficient time to practice and familiarize themselves with a broad range of multiple-choice questions. By dedicating ample time to  ECO401 MCQs, students can enhance their understanding of the subject and increase their chances of achieving favorable results in the final exam. Utilizing various resources, such as previous years’ question papers, online forums, and virtual study groups, can provide valuable insights and help students identify common patterns or topics frequently tested in ECO401 MCQs. Additionally, engaging in regular self-assessment and mock tests centered around ECO401 MCQs can effectively measure one’s progress and pinpoint areas that require further attention, leading to a comprehensive exam preparation strategy.

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Vu final term preparation 2023.

In summary, the key to preparing for the Virtual University final term exams in 2023 lies in a focused and thorough approach to  ECO401 final term MCQs. By prioritizing this aspect of the exam, students can strengthen their grasp on the subject matter and significantly enhance their chances of success. Consistent practice, utilization of available resources, and regular self-assessment are essential elements that contribute to a well-rounded and effective exam preparation strategy. By following these guidelines, students can approach their final term exams with confidence and maximize their performance in ECO401 MCQs.

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