Q801
Open questionOne of the problems of India's Foreign Trade is
Select an option to see the answer and solution.
Commerce · all questionsEconomics
Economics
practice.
Practice every MCQ with options. Use Show answers when you want the correct option and solution.
1,593
Questions
41/80
Page
Pick an option on a question to see the right answer and solution.
Q802
Open questionAverage variable cost curve under the modern theory of costs
Select an option to see the answer and solution.
Q803
Open questionThe tangible goods for which a consumer wants to compare quality, price and perhaps style in several stores before making a purchase are called:
Select an option to see the answer and solution.
Q804
Open questionWhen an individual's income falls (while everything else remains the same), his demand for an inferior goods
Select an option to see the answer and solution.
Q805
Open questionOne of the essential conditions of perfect competition is:
Select an option to see the answer and solution.
Q806
Open questionWhen the cross-elasticity of demand between two goods is zero, the goods are-
Select an option to see the answer and solution.
Q807
Open questionStatement I Point price elasticity of demand in terms of marginal and average revenues can be measured with the following formula
Statement II The point price elasticity of demand is the product of the slope of the demand function and the ratio between corresponding price and quantity.
Statement II The point price elasticity of demand is the product of the slope of the demand function and the ratio between corresponding price and quantity.
Select an option to see the answer and solution.
Q808
Open questionOptimal input combination to minimise the cost for a given output will be at the point where
Select an option to see the answer and solution.
Q809
Open questionEconomics may be divided into macro-economics and micro-economics. Among the subject matter of micro-economics may be found
Select an option to see the answer and solution.
Q810
Open questionElasticity of demand for money:
Select an option to see the answer and solution.
Q811
Open questionIf the MRSxy (Marginal Substitution Rate) for consumer A is greater than that of MRSxy (Marginal Substitution Rate) of B, then profit for consumer A will be assuming that
Select an option to see the answer and solution.
Q812
Open questionPurchasing Power Parity theory was propounded by Gustav Cassele in year . . . . . . . .
Select an option to see the answer and solution.
Q813
Open questionWhen both the demand and the supply curves slope downwards and the demand curve is steeper than the supply curve, the equilibrium is
Select an option to see the answer and solution.
Q814
Open questionIn the long-run, the market price of a commodity is equal to its minimum average cost of production, if there is
Select an option to see the answer and solution.
Q815
Open questionEconomics is derived from the Greek word 'oikonomikus' which means
Select an option to see the answer and solution.
Q816
Open questionA production function expressed as
Q = A [αK-β + (1 - α)L-β]-1/β
Or
Q = A [αL-β + (1 - α)K-β]-1/β
When A > 0, 0 < α < 1 and β > -1
Where L = labour, K = Capital and A, α and β are three parameters is called
Or
Q = A [αL-β + (1 - α)K-β]-1/β
When A > 0, 0 < α < 1 and β > -1
Where L = labour, K = Capital and A, α and β are three parameters is called
Select an option to see the answer and solution.
Q817
Open questionAccording to the modern ideology, the law of diminishing return applies to
Select an option to see the answer and solution.
Q818
Open questionWhich one of the following is not the basic property of indifference curves?
Select an option to see the answer and solution.
Q819
Open questionA monopoly is a market structure, in which
Select an option to see the answer and solution.
Q820
Open questionThe area which lies under the demand curve for a given good measures
Select an option to see the answer and solution.