1. Which of the following itemsis NOT included in
measuring national income by the income
A. Wages and salaries of public servants
B. Student grants and scholarships.
C. Profits of companies.
D. Income earned by self employed persons
such as lawyers.
E. Rents on property.
2. A down ward sloping demand curve intersects a
fixed supply curve. A shift of this demand curve
to the right impliesthat
A. both price and quantity will increase
B. only price increase
C. only quantity increase
D. the price remains constant
E. the price falls.
3. Which of the following itemsis NOT an
argument for locating industriesin rural areas?
A. Rural areassupply agricultural raw
B. The pace of development will be
quickened in rural areas.
C. Employment will be provided for rural
D. Capital is easily available in rural areas.
E. Suitable humid climate issometimesfound
in rural areas.