Fundamentals Of Economics MCQ - Fundamentals Of Economics Section 1

41 Study of demand over two periods is called

A
Static
B
Comparative static
C
Dynamic
D
None of these

View Explanation
Comment

Correct AnswerOption B

Rate difficulty Rate difficulty:

Easy Medium Hard

Choose a difficulty.

Cancel reply

Your email address will not be published. Required fields are marked *

Report

Name

Save my name and email in this browser for the next time I comment.

Cancel reply

Your email address will not be published. Required fields are marked *

Comment *

Name

Save my name and email in this browser for the next time I comment.

42 In case of monopoly, a firm in the long run can have

A
Loss
B
Super Normal Profit
C
Break even
D
All of these

View Explanation
Comment

Correct AnswerOption B

Rate difficulty Rate difficulty:

Easy Medium Hard

Choose a difficulty.

Cancel reply

Your email address will not be published. Required fields are marked *

Report

Name

Save my name and email in this browser for the next time I comment.

Cancel reply

Your email address will not be published. Required fields are marked *

Comment *

Name

Save my name and email in this browser for the next time I comment.

43 Marginal cost curve cuts the average cost curve from below at

A
its lowest point
B
the left of the lowest point
C
right of the lowest point
D
All of the above

View Explanation
Comment

Correct AnswerOption A

Rate difficulty Rate difficulty:

Easy Medium Hard

Choose a difficulty.

Cancel reply

Your email address will not be published. Required fields are marked *

Report

Name

Save my name and email in this browser for the next time I comment.

Cancel reply

Your email address will not be published. Required fields are marked *

Comment *

Name

Save my name and email in this browser for the next time I comment.

44 On an indifference map, if the income consumption curve slopes downwards to the right it shows that

A
Both X and Y are superior goods
B
Y is an inferior good
C
X is an inferior good
D
Both X and Y are inferior goods

View Explanation
Comment

Correct AnswerOption B

Rate difficulty Rate difficulty:

Easy Medium Hard

Choose a difficulty.

Found this useful?

Follow:

Cancel reply

Your email address will not be published. Required fields are marked *

Report

Name

Save my name and email in this browser for the next time I comment.

Cancel reply

Your email address will not be published. Required fields are marked *

Comment *

Name

Save my name and email in this browser for the next time I comment.

45 Impact of change in demand in one sector on other sectors is studied by

A
General equilibrium
B
Partial equilibrium
C
Both (a) and (b)
D
None of these

View Explanation
Comment

Correct AnswerOption A

Rate difficulty Rate difficulty:

Easy Medium Hard

Choose a difficulty.

Cancel reply

Your email address will not be published. Required fields are marked *

Report

Name

Save my name and email in this browser for the next time I comment.

Cancel reply

Your email address will not be published. Required fields are marked *

Comment *

Name

Save my name and email in this browser for the next time I comment.

First Previous 7 8 9 10 11 Next Last