Marginal rate of substitution between factors is equal to the ratio of :

April 30, 2021 by admin

Question:

Marginal rate of substitution between factors is equal to the ratio of :

mpx/mpy

mpl/mpk

mrsxy/mrs

none

Answer» b. mpl/mpk

Note:

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

When individuals income falls (everything remain the same) his demand foran inferior good

April 30, 2021 by admin

Question:

When individuals income falls (everything remain the same) his demand foran inferior good

rises

falls

remains the same

we cannot say without additional information

Answer» a. rises

Note:

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

The percentage change in output caused by a given percentage changein a variable factor is:

April 30, 2021 by admin

Question:

The percentage change in output caused by a given percentage changein a variable factor is:

output elasticity

income elasticity

price elasticity

none

Answer» a. output elasticity

Note:

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

Policy Neutrality is the main proposition of:

April 30, 2021 by admin

Question:

Policy Neutrality is the main proposition of:

supply side economics.

keynesian economics

monetarism

rational expectations hypothesis

Answer» d. rational expectations hypothesis

Note:

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

If two sets contain same number of distinct elements but not the same elements are called

April 30, 2021 by admin

Question:

If two sets contain same number of distinct elements but not the same elements are called

equal sets

unequal sets

equivalent sets

all the above

Answer» b. unequal sets

Note:

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

In which market structure, price and output solution is indeterminate?

April 30, 2021 by admin

Question:

In which market structure, price and output solution is indeterminate?

Oligopoly

Monopolistic competition

Perfect competition

Monopoly

Answer» a. Oligopoly

Note:

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

If the short-run average variable costs of production for a firm are rising, then this indicates that:

April 30, 2021 by admin

Question:

If the short-run average variable costs of production for a firm are rising, then this indicates that:

Average total costs are at a maximum.

Average fixed costs are constant.

Marginal costs are above average variable costs.

Average variable costs are below average fixed costs.

Answer» c. Marginal costs are above average variable costs.

Note:

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

Life expectancy, —- and literacy rate are the components of HDI:

April 30, 2021 by admin

Question:

Life expectancy, —- and literacy rate are the components of HDI:

infant mortality

standard of living

maternal mortality

none

Answer» b. standard of living

Note:

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

is a term referring to an intellectual controversy over epistemology, researchmethodology between Carl Menger, and Gustav von Schmoller.

April 30, 2021 by admin

Question:

is a term referring to an intellectual controversy over epistemology, researchmethodology between Carl Menger, and Gustav von Schmoller.

methodenstreit

laissez-faire

cetris paribus

quid proquo

Answer» a. methodenstreit

Note:

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

Which aspect of taxation involves normative economics?

April 30, 2021 by admin

Question:

Which aspect of taxation involves normative economics?

The incidence of the tax

The fairness of the tax

The effect of the tax on incentives to work

All of the above

Answer» b. The fairness of the tax

Note:

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