Classical

Managerial Economics - Managerial Economics Questions

61:  

Elasticity of demand measures the

A.

Sensitivity of sales to changes in a particular causal factor

B.

Sensitivity of production to changes in a particular cost

C.

Value of price and cost

D.

Volume of product

 
 

Option: A

Explanation :


62:  

Which is the method of measuring GNP?

A.

Expenditure method

B.

Income method

C.

Product method

D.

All of these

 
 

Option: D

Explanation :


63:  

NNP at Market Price will be :

A.

GNP + Cost of capital

B.

GNP at market prices - Depreciation

C.

GNP + Cash

D.

GNP + dividend

 
 

Option: B

Explanation :


64:  

54. Match the following :

List-I (Principles)           List-II (Subject matter)

(a) Kaldor's Theory             1. Distribution

(b) Say's Law                      2. Employment

(c) Domar model                2. Growth

(d) Neo-classical Analysis  4. Golden Rule of Accumulation

                                           5. Dividend law

A.

(A) (B) (C) (D)

1    2    3    4

B.

(A) (B) (C) (D)

4    3    2    1

C.

(A) (B) (C) (D)

3    1    2    4

D.

(A) (B) (C) (D)

3    4    2    1

 
 

Option: A

Explanation :


65:  

Which of the following statement is correct?

A.

Inflation : An increase in the overall level of prices in the economy

B.

Productivity : The amount of goods and services produced from each hour of a worker's time

C.

Phillips curve : A curve that shows the short run trade off between inflation and unemployment

D.

All of the above

 
 

Option: D

Explanation :




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