List of top Economics Questions on Goods and Services

"All consumption goods are durable in nature." Defend or refute the given statement with a valid argument.

“All consumption goods are durable in nature.”
Defend or refute the given statement with the help of a suitable example.

When TU is maximum, what happens to MU ?

Find out correct information
A. Both consumption goods and capital goods are final goods.
B. Intermediate goods, mostly used as raw material.
C. Capital goods are crucial backbone of production process.
D. Final goods pass through more stages of production.
Choose the correct answer from the options given below :

Match LIST I with LIST II

LIST I		LIST II
A	Tea and Coffee	I	Complementary goods
B	Car and Fuel	II	Inferior goods
C	Low grade cereal food	III	Substitute goods
D	Good quality wheat	IV	Normal good

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Match LIST I with LIST II

LIST I		LIST II
A	Quotas	I	Monetary assistance given by government for production activities
B	Import substitution	II	Government protects domestic industries from foreign competition
C	Tariffs	III	Tax on imported goods
D	Subsidy	IV	Specify the quantity of goods which can be imported

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Match List - I with List - II.

List I		List II
A.	Export of goods and services	I.	Excess of export of goods over import of goods
B.	Trade surplus	II.	An element of invisible item
C.	Current transfers to rest of the world	III.	Recorded in credit side the current account BOP
D.	Portfolio investment	IV.	Foreign institutional investment

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Which of the following are the examples of complemental), goods ?
(A) pen and ink 
(B) tea and sugar 
(C) tea and coffee 
(D) ball pen and gel pen 
(E) shoes and socks 
Choose the correct answer from the options given below :

The value of all goods and services can be expressed in monetary units.
This statement refers to which function of money ?

Match List - I with List - II.

List I		List II
A.	Goods used in production process and are durable in character	I.	Intermediate goods
B.	Inputs for production	II.	Flows
C.	Machines in a factory	III.	Capital goods
D.	Annual profits	IV.	Stocks

Choose the correct answer from the options given below :

Identify the type of merger in which the two companies are producing different goods and services for one specific finished product.