The substitution effect for a commodity is

April 30, 2021 by admin

Question:

The substitution effect for a commodity is

is always positive

depends upon the nature of the commodity

depends upon price effect

sometimes negative and sometimes positive

Answer» a. is always positive

Note:

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

Keynesian economics is also known as:

April 30, 2021 by admin

Question:

Keynesian economics is also known as:

Supply side economics

Monetary economics

Rational expectations

Depression economics

Answer» d. Depression economics

Note:

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

Under the Perfect competition, products are:

April 30, 2021 by admin

Question:

Under the Perfect competition, products are:

Heterogeneous

Homogenous

Semi-homogeneous

All of these

Answer» b. Homogenous

Note:

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

Who argued that “Everything that is produced in the course of a year, every servicerendered, every fresh utility brought about is a part of the national wealth.”?

April 30, 2021 by admin

Question:

Who argued that “Everything that is produced in the course of a year, every servicerendered, every fresh utility brought about is a part of the national wealth.”?

js mill

stanley jevons

alfred marshall

robert malthus

Answer» c. alfred marshall

Note:

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

If a set C contain all the elements which are present in both the sets A and B, then set C is called

April 30, 2021 by admin

Question:

If a set C contain all the elements which are present in both the sets A and B, then set C is called

union of a and b

intersection of a and b

complement of a

complement of b

Answer» b. intersection of a and b

Note:

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

Which of the following is not a feature of monopolistic competition?

April 30, 2021 by admin

Question:

Which of the following is not a feature of monopolistic competition?

Homogenous product

Large number of firms

Freedom to entry and exit

Differentiated product

Answer» a. Homogenous product

Note:

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

Which one of the following is a feature of a perfect competition

April 30, 2021 by admin

Question:

Which one of the following is a feature of a perfect competition

Group behavior

Selling cost

Homogeneous product

Differentiated product

Answer» c. Homogeneous product

Note:

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

Fiscal Policy includes:

April 30, 2021 by admin

Question:

Fiscal Policy includes:

expenditure policy

tax policy

both a and b

neither a nor b.

Answer» c. both a and b

Note:

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

The wants satisfying power of a commodity:

April 30, 2021 by admin

Question:

The wants satisfying power of a commodity:

consumption

saving

utility

interest

Answer» c. utility

Note:

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

Few firms exist under:

April 30, 2021 by admin

Question:

Few firms exist under:

Perfect competition

Oligopoly

Monopolistic competition

Both perfect and monopolistic competition

Answer» b. Oligopoly

Note:

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