» Quantitative Methods for Economic Analysis 2 solved MCQs

Recurrent variations in time series that usually last longer than a year is known as ……………

Byadmin May 6, 2021

Question:

Recurrent variations in time series that usually last longer than a year is known as ……………

seasonal variation

secular trend

irregular variation

cyclical variation

Answer» d. cyclical variation

Note:

The above multiple-choice question is for all general and Competitive Exams in India.

» Mathematical Economics solved MCQs

______ function expresses the relationship between price of the good and quantity of thegood supplied.

Question:

______ function expresses the relationship between price of the good and quantity of thegood supplied.

A.
Supply
B.
Consumption
C.
Demand
D.
Income
Answer» a. Supply

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More ______ function expresses the relationship between price of the good and quantity of thegood supplied.
» Micro economics 2 solved MCQs

The demand curve faced by the a monopolistically competitive firmis very elastic if the degree of product differentiation is

Question:

The demand curve faced by the a monopolistically competitive firmis very elastic if the degree of product differentiation is

A.
Very low
B.
Very high
C.
Zero
D.
Moderate
Answer» b. Very high

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More The demand curve faced by the a monopolistically competitive firmis very elastic if the degree of product differentiation is
» Macro Economics 1 solved MCQs

Monetarism is associated with:

Question:

Monetarism is associated with:

A.
keynesian school
B.
chicago school
C.
cambridge school.
D.
neo-classical school.
Answer» b. chicago school

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More Monetarism is associated with:
» Micro Economics 1 solved MCQs

Implicit costs are:

Question:

Implicit costs are:

A.
Equal to total fixed costs.
B.
Comprised entirely of variable costs.
C.
“Payments” for self-employed resources.
D.
Always greater in the short run than in the long run.
Answer» c. “Payments” for self-employed resources.

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More Implicit costs are:
» Mathematical Economics solved MCQs

The best or optimum level of output for a perfectly competitive firm is given by the point:

Question:

The best or optimum level of output for a perfectly competitive firm is given by the point:

A.
MR = AC
B.
MR = MC
C.
MR exceeds MC by the greater amount
D.
MR = MC and MC is rising
Answer» d. MR = MC and MC is rising

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More The best or optimum level of output for a perfectly competitive firm is given by the point:
» Macro Economics 1 solved MCQs

The aggregate production function implied under classical theory is :

Question:

The aggregate production function implied under classical theory is :

A.
long run
B.
short run
C.
no time element
D.
none of the above
Answer» a. long run

Note: The above multiple-choice question is for all general and Competitive Exams in India.

Read More The aggregate production function implied under classical theory is :

Recurrent variations in time series that usually last longer than a year is known as ……………

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______ function expresses the relationship between price of the good and quantity of thegood supplied.

The demand curve faced by the a monopolistically competitive firmis very elastic if the degree of product differentiation is

Monetarism is associated with:

Implicit costs are:

The best or optimum level of output for a perfectly competitive firm is given by the point:

The aggregate production function implied under classical theory is :