In the classical system, the basic economic problems are solved by:
In the classical system, the basic economic problems are solved by:
| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |
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Scientific attempts to describe economic relationships are :
Question: Scientific attempts to describe economic relationships are :
A. Factual and can never be wrong B. Accurate ways to predict political viewpoints C. Known as positive economics D. Directed at the fairness of social programs Answer» c. Known as positive economics Note: The above multiple-choice question is for all general and Competitive Exams in India. Adam Smith, the father of modern economic theory, defined economics as a subject, which is mainly concerned with the study of nature and causes of generation of ______
Question: Adam Smith, the father of modern economic theory, defined economics as a subject, which is mainly concerned with the study of nature and causes of generation of ______
A. Wealth B. Welfare C. Hipness D. Scarcity Answer» a. Wealth Note: The above multiple-choice question is for all general and Competitive Exams in India. LM curve shows the equilibrium condition in ———- market
Question: LM curve shows the equilibrium condition in ———- market
A. goods market B. product market C. money market D. none of these Answer» c. money market Note: The above multiple-choice question is for all general and Competitive Exams in India. If marginal revenue is Rs.25/- and elasticity of demand w.r.t price is 2, then theaverage revenue is
Question: If marginal revenue is Rs.25/- and elasticity of demand w.r.t price is 2, then theaverage revenue is
A. 50 B. 25 C. 75 D. 100 Answer» a. 50 Note: The above multiple-choice question is for all general and Competitive Exams in India. Histogram can be used to estimate……………
Question: Histogram can be used to estimate……………
A. median B. mode C. mean D. quartile Answer» b. mode Note: The above multiple-choice question is for all general and Competitive Exams in India. Keynesian economics is also known as:
Question: Keynesian economics is also known as:
A. Supply side economics B. Monetary economics C. Rational expectations D. Depression economics Answer» d. Depression economics Note: The above multiple-choice question is for all general and Competitive Exams in India.