Q.31)-Personal dispoable income is-
- Always equal to personal income
- Always more than personal income
- Equal to personal income minus direct taxes paid by household
- Equal to personal income minus indirect taxes
Q.32)-Who said ''Supply creats its own demand"?
- Adam Smith
- J.B. Say
- Marshall
- Ricardo
Q.33)-Speculative demand for cash is determined by-
- The rate of interest
- The level of income
- The general price level
- The market conditions
Q.34)-What is needed for creating demand?
- Production
- Price
- Income
- Import
Q.35)-Effective demand depends on-
- Capital output ratio
- Output capital ratio
- Total expenditure
- Supply Price
Q.36)-The supply - side economics lays greater emphasis on-
- Producer
- Globel economy
- Consumer
- Middle Man
Q.37)-When price of a substitute of commodity 'x' falls, the demand for 'x'-
- Falls
- Remains unchanged
- Increase at increasing rate
- Rises
Q.38)-J.B. Say's Law of Market was not accepted by:
- Adam Smith
- Mashall
- Malthus
- David Ricardo
Q.39)-The time element in price analysis was introduced by-
- J.M. Keynes
- Alfred Marshall
- J.S. Mill
- J.R. Hicks
Q.40)-When the demand for a good increases with increase in income , such a good is elastic______.
- Superior good
- Giffen good
- Inferior good
- Normal good