Imputed value of good is added to the GDP because:
Imputed value of good is added to the GDP because:
| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |
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Assertion (A) Many oligopolistic industries exhibit an appreciabledegree of Price rigidity or stability Reason (R) Oligopolists face a demand curve that is highly elastic for price increases and less elastic for price reductions
Question: Assertion (A) Many oligopolistic industries exhibit an appreciabledegree of Price rigidity or stability Reason (R) Oligopolists face a demand curve that is highly elastic for price increases and less elastic for price reductions
A. (A) is true but (R) is false. B. Both (A) and (R) are false C. Both (A) and (R) are true and (R) is the correct explanation of (A) D. Both (A) and (R) are true but (R) is not the correct explanation of (A) Answer» c. Both (A) and (R) are true and (R) is the correct explanation of (A) Note: The above multiple-choice question is for all general and Competitive Exams in India. Death rate obtained for a segment of a population is known as
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Question: Current and capital accounts are examples of
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Question: Which of the following definitions of Economics include the economic concept of ‘scales of Preferences’?
A. Wealth definition B. Welfare definition C. Scarcity definition D. Growth definition Answer» c. Scarcity definition Note: The above multiple-choice question is for all general and Competitive Exams in India. When disposable income rises from Rs 500 to Rs 600 and consumption expenditure changes from Rs 470 to Rs 560, MPC will be equal to
Question: When disposable income rises from Rs 500 to Rs 600 and consumption expenditure changes from Rs 470 to Rs 560, MPC will be equal to
A. 900 B. 100 C. 0.9 D. 1 Answer» c. 0.9 Note: The above multiple-choice question is for all general and Competitive Exams in India. In the saving function S = -a + (1-b)Y, the term ‘b’ denotes
Question: In the saving function S = -a + (1-b)Y, the term ‘b’ denotes
A. saving B. mpc C. mps D. aps Answer» b. mpc Note: The above multiple-choice question is for all general and Competitive Exams in India.