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Q681

A proper measure of economic progress of a country is

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Q682

Match the following.

List-I (Economist)	List-II (Statement)
a. Robinson	1. The elasticity of demand at any price or at any output is the proportional change of amount purchased in response to a small change in price divided by the proportional change in price
b. Boulding	2. The elasticity of demand may be defined as the percentage change in quantity demanded, which would result from 1% change in price
c. Cairn Cross	3. The elasticity of demand for a commodity is the rate at which the quantity bought changes as the price changes
d. Marshall	4. The elasticity for demand in a market is large or small according to how the amount of demand increases for a given fall in price and diminishes more or less for a given rise in price

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Q683

Match the following.

List-I	List-II
a. Kinked demand curve	1. Prof. Samuelson
b. Duopoly model	2. Paul M. Sweezy
c. Managerial theory of firm	3. Cournot
d. Social welfare function	4. Williamson

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Q684

Match the following.

List-I	List-II
a. Normal demand curve	1. Vertical straight line
b. Income consumption curve	2. Downwards to the right
c. Inelastic demand curve	3. Upwards to the right

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Q685

The theory that supply creates its own demand and therefore full employment is natural situation is concerned with:

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Q686

If is impossible to earn economic rent for a component of production if it

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Q687

Entrepreneurship is the outcome of the socio-economic structure of a country. This is the statement

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Q688

Which of the following theories of labour welfare is based on 'Man's love for Mankind'?

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Q689

Giffen's Paradox as an exception to the law of demand includes

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Q690

In case of short-run equilibrium, a perfectly competitive firm while earning abnormal profits operates at an output level where:

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Q691

Who said, "The problem of population is not only with size but with efficient production and equitable distribution"?

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Q692

Income elasticity of demand can be measured with the help of which of the following formula?

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Q693

Density of population means number of persons per:

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Q694

Which of the following is true if Clarice is at her consumer equilibrium?
(i) Clarice is on her budget line.
(ii) Clarice is on her highest attainable indifference curve.
(iii) Clarice is dividing her budget equally across all goods.

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Q695

Income effect towards Giffin Commodities will be

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Q696

'Reasoning from the general to the particular' in Economics is called:

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Q697

The main difference between positive economics and normative economics is that the former

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Q698

Which one of the following is not an objective of the public sector in India?

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Q699

Under perfect competition market price can be influenced by-

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Q700

In the short-run firms, perfect competition will still be produced provided

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