Multiple Choice
With decrease in price of bonds, rate of interest:
A) Decreases
B) Increases
C) Does not change
D) None of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q11: In economics capital refers to:<br>A)Money<br>B)High quality goods<br>C)Trade
Q12: According to Keynes, interest is a payment
Q13: Some economists say that profit earner is
Q14: Gross profit does NOT include:<br>A)Rent of land
Q15: According to Keynes interest is a payment
Q16: Profits:<br>A)Are residual payment<br>B)Are pre-determined<br>C)Are fixed contract<br>D)Are always
Q17: Profits arise because an entrepreneur:<br>A)Prepares plan<br>B)Innovates<br>C)Lends money<br>D)Both
Q19: Factor prices are determined in the market
Q20: Interest is paid because<br>A)Capital is scarce<br>B)Capital is
Q21: Every factor of production gets reward equal