Q.31)-Which of the following occurs when labour productivity rises?
- The equlibrium nominal wage falls
- The equlibrium quantity of labour falls
- Competitive firms will be induced to use more capital
- The labour demand curve shifts to the right
Q.32)-Economics classifies the manmade instrument of production as-
- Organization
- Capital
- Equipment
- Labour
Q.33)- ' Marginal efficiency of capital's-
- Expected rate of return of new investment
- Expected rate of return of existing investment
- Difference between rate of profit and rate of interest
- Value of output per unit of capital invested
Q.34)-Capital output ratio of a commodity measures-
- Its per unit cost of production
- The amount of capital invested per unit of output
- The ratio of capital depreciation to quantity of output
- The ratio of working capital employed to quantity of output
Q.35)-Investment is equal to-
- Gross total of all types of physical capital assets
- Gross total of all capital assets minus wear and tear
- Stock of plant, machines and equipments
- None of these
Q.36)-In a buisness, raw materials, components, work in progress and finished goods are jointly regarded as-
- Capital stock
- Inventory
- Investment
- Net Worth
Q.37)-While determining income the expenditure on which of the following items is not considered as investment?
- Construction of factory
- Computer
- Increase in the stock of unsold articles
- Stock and Share in joint stock company
Q.38)-Who defined investment as "the constructions of a new capital asset like machinery or factory building?
- Hanson
- J.M. Keynes
- Harrod
- J.R. Hicks
Q.39)-The demand for money,according to Keynes, is for-
- Speculative motive
- Transaction motive
- Precautionary motive
- All the above motives
Q.40)-If a change in all inputs lead in a proportionate change in output it is case of
- Constant returns to scale
- Diminishing returns to scale
- Increasing returns to scale
- Variable returns to scale
