Q:

The Law of Demand is based on the concept that people _______.

A) buy more of a good as their income increases.	B) buy more of a good as the price of the good falls.
C) will spend all of their money on something.	D) want more of everything even if they have no money to buy anything.

Answer & Explanation Answer: B) buy more of a good as the price of the good falls.

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Q:

Goods for which demand move in the opposite direction of the income of the consumer are called?

A) Inferior goods	B) Normal goods
C) Complementary goods	D) Substitute goods

Answer & Explanation Answer: A) Inferior goods

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Q:

The consumption schedule is such that

A) the MPC and the APC must be equal at all levels of income.	B) the APC is constant and the MPC declines as income rises.
C) both the APC and the MPC increase as income rises.	D) the MPC is constant and the APC declines as income rises.

Answer & Explanation Answer: D) the MPC is constant and the APC declines as income rises.

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Q:

Which level does macroeconomics focus on?

A) Government	B) Business
C) Personal	D) None

Answer & Explanation Answer: A) Government

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Q:

Prawns belong to which family?

A) Crustaceans	B) Fish
C) Amphibians	D) Reptiles

Answer & Explanation Answer: A) Crustaceans

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Filed Under: Biology
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Q:

Which subatomic particle determines the identity of an element?

A) Electrons	B) Protons
C) Neutrons	D) All the above

Answer & Explanation Answer: B) Protons

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Q:

The motile germ cell is called a/an

A) Male gamete	B) Gamete
C) Female gamete	D) Isogamete

Answer & Explanation Answer: A) Male gamete

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Filed Under: Biology
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Q:

The number of neutrons present in a nitrogen atom is ___.

A) 14	B) 7
C) 11	D) 5

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