Question : If 35% of A's income is equal to 25% of B's income, then the ratio of A's income to B's income is:

Option 1: 7 : 5

Option 2: 5 : 7

Option 3: 4 : 7

Option 4: 4 : 3

Question : If A's income is 60% less than B's income, then B's income is what percentage more than that of A's income?

Option 1: 40%

Option 2: 150%

Option 3: 120%

Option 4: 80%

Question : An individual's actual standard of living can be assessed by      

Option 1: Gross National Income

Option 2: Net National Income

Option 3: Per Capita Income

Option 4: Disposable Personal Income

Question : If a consumer's demand for a good moves in the same direction as the consumer's income, the consumer's demand for that good must be inversely related to the price of the good, which is called _____.

Option 1: law of demand

Option 2: law of supply

Option 3: law of substitute

Option 4: law of optimal choice

Question : 'Neo-Malthusian Theory' is associated with which of the following?

Option 1: Employment

Option 2: Poverty

Option 3: Resource scarcity

Option 4: Income