Economics MCQs For Lectureship CSS PMS And NTS Part VI

61 Human Capital is the set of skills that workers possess for

Production of goods

62 According to economists the creation of new capital is

Investment

63 A factory is a good example of a

Capital

64 Shareholders are those who invest in

Joint stock companies

65  One of the advantages of Joint Stock Company is

Limited liability

66 A public limited company is run by board of

Directors

67 Negative return in short run means that marginal is

Negative

68 Economies of scale suggests that the firm’s marginal cost curve lies

 Above its average cost curve

69 One factor must be constant in law of

Diminishing return

70 The two kinds of economies of scale are

Internal and external