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#1 ______ economics studies the problem of inflation in the country.
#2 When less is purchased at the constant prices, it is called _____________ in demand.
#3 The part of income which is not spent on consumption is called_______
#4 GDP(FC) = GDP(MP) – __________
#5 Microeconomics is the study of ____________
#6 The Law of demand is based on the law of ______________ supply
#7 The demand for salt is __________
#8 In the case of Giffen goods the income elasticity of demand is _____________
#9 Capital is an _____________ factor of Production.
#10 The central Bank acts as a _________ of cash reserves commercial banks in the country.
#11 In case of normal goods the income elasticity of demand is ____________
#12 ___________ appears in a monopoly market.
#13 The vertical supply curve represents __________ elasticity.
#14 When the price rises, there is _______________ of supply.
#15 ______________ refers to want – satisfying power of a commodity.
#16 The price at which demand and supply equate each other is called ___________ price.
#17 ___________ is regarded as a primary factor of production.
#18 _____________ is an example of direct tax.
#19 ______________ is primary function of commercial banks.
#20 In the case of __________ coins, intrinsic value is less then their face value.