Suppose there is a Set S, which is the largest possible subset of S
Suppose there is a Set S, which is the largest possible subset of S
| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |
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If all the sets under consideration are subsets of a fixed set say ∪, then this set ∪ is called
Question: If all the sets under consideration are subsets of a fixed set say ∪, then this set ∪ is called
A. universal set B. power set C. disjoint set D. finite set Answer» a. universal set Note: The above multiple-choice question is for all general and Competitive Exams in India. The economist who proposed that, “Inflation is always and everywhere a monetary phenomenon” was
Question: The economist who proposed that, “Inflation is always and everywhere a monetary phenomenon” was
A. john maynard keynes. B. john r. hicks. C. milton friedman. D. franco modigliani. Answer» c. milton friedman. Note: The above multiple-choice question is for all general and Competitive Exams in India. Income elasticity of demand for inferior goods is:
Question: Income elasticity of demand for inferior goods is:
A. Negative B. Positive C. Zero D. Unity Answer» a. Negative Note: The above multiple-choice question is for all general and Competitive Exams in India. The turning points of the business cycle are
Question: The turning points of the business cycle are
A. expansion and peak B. peak and contraction C. contraction and trough D. peak and trough Answer» d. peak and trough Note: The above multiple-choice question is for all general and Competitive Exams in India. Macroeconomics is primarily concerned with aggregates. Which of the following is not a macroeconomic aggregate?
Question: Macroeconomics is primarily concerned with aggregates. Which of the following is not a macroeconomic aggregate?
A. Decision making by a household B. The unemployment rate, and inflation levels C. National income D. The supply of money Answer» a. Decision making by a household Note: The above multiple-choice question is for all general and Competitive Exams in India. _________ introduced the concept of welfare in the study of economics:
Question: _________ introduced the concept of welfare in the study of economics:
A. Fischer B. Alfred Marshall C. J S Mill D. Adam Smith Answer» b. Alfred Marshall Note: The above multiple-choice question is for all general and Competitive Exams in India.