Fertility rates mainly depend on
Fertility rates mainly depend on
| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |
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Which one of the following definition of Economics is associated with the name of Lionel Robbins?
Question: Which one of the following definition of Economics is associated with the name of Lionel Robbins?
A. Welfare definition B. Scarcity definition C. Growth definition D. Wealth definition Answer» b. Scarcity definition Note: The above multiple-choice question is for all general and Competitive Exams in India. If close substitutes are available, then the elasticity of demand will be
Question: If close substitutes are available, then the elasticity of demand will be
A. low B. moderate C. high D. optimum Answer» c. high Note: The above multiple-choice question is for all general and Competitive Exams in India. Which would be an implicit cost for a firm? The cost:
Question: Which would be an implicit cost for a firm? The cost:
A. Of worker wages and salaries for the firm. B. Paid for leasing a building for the firm. C. Paid for production supplies for the firm. D. Of wages foregone by the owner of the firm. Answer» d. Of wages foregone by the owner of the firm. Note: The above multiple-choice question is for all general and Competitive Exams in India. Cost is a function of
Question: Cost is a function of
A. price B. revenue C. quantity D. none of these Answer» c. quantity Note: The above multiple-choice question is for all general and Competitive Exams in India. A company publishes data on its quarterly earnings for its stockholders to evaluate.Which of the following is true
Question: A company publishes data on its quarterly earnings for its stockholders to evaluate.Which of the following is true
A. the source is primary for both the company and the stockholders B. the source is secondary for both the company and the stockholders C. the source is primary for the company and secondary for the stockholders D. the source is secondary for the company and primary for the stockholders Answer» c. the source is primary for the company and secondary for the stockholders Note: The above multiple-choice question is for all general and Competitive Exams in India. The equilibrium price and quantity, given the inverse demand and supply functionsbp D =-3q + 30 and pS = 2q – 5
Question: The equilibrium price and quantity, given the inverse demand and supply functionsbp D =-3q + 30 and pS = 2q – 5
A. p = 9 and q = 7 B. p = 10 and q = 7 C. p = 9 and q = 8 D. p = 7 and q = 9 Answer» a. p = 9 and q = 7 Note: The above multiple-choice question is for all general and Competitive Exams in India.