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81.

The price of diamonds is higher than the price of wheat because

A.	Diamonds are much heavier than wheat	B.	Diamonds are more useful than wheat
C.	The total stock of diamonds is more useful than the total stock of wheat	D.	Diamonds cannot be grown whereas wheat can be grown
E.	Enough people have a higher subjective value of diamonds relative to wheat

82.

The economic function of middle-man is

A.	To exploit the parties involved in the exchange	B.	To ensure that parties to an exchange are made better off
C.	To make trade among individuals so that the middle-man realizes a profit	D.	Unjustified because the traders them selves could engage in trade and be better off if they did not pay the middle-men
E.	All of the above

83.

Floating of a currency leads to

A.	Devaluation	B.	Revaluation
C.	Over-valuation	D.	Either revaluation or devaluation
E.	Either revaluation or over-valuation

84.

Which one is not an economic good

85.

The 'free' good is so called because

A.	No charge is made to the consumer	B.	It is supplied freely by a public authority
C.	The supply is adequate to meet all needs without rationing	D.	There is an unlimited supply
E.	None body wants it.

86.

Which one of the following is a 'free good' in economics?

87.

The economy of Soviet Union is

88.

Consumer goods' means

A.	All commodities for which there is a high demand by all types of consumers	B.	All goods other than free goods whose uses directly satisfies consumer wants
C.	All goods other than free goods used by consumers in order to earn their living	D.	All the factories and mines used by the community to satisfy their wants
E.	All tangible goods produced for consumption in a free economic system

89.

If more is demanded at the same price or same quantity at a higher price, this fact of demand is known as

90.

The law of demand indicates the relationship between

A.	The price of a commodity and the quantity demanded	B.	The income of consumer and the quantity demanded
C.	The relationship betweent he price of one commodity and the price of a substitute	D.	The price of two commodities
E.	All of the above