Bachelor of Arts in Economics (BA Economics)

If x and y are two variables such that y = f(x) ,for any value of the x there is acorresponding y value, then x is

by
Question:

If x and y are two variables such that y = f(x) ,for any value of the x there is acorresponding y value, then x is

A.

dependent variable

B.

constant

C.

independent variable

D.

none of the above

Answer» c. independent variable

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

What is the purpose of a summary table?

by
Question:

What is the purpose of a summary table?

A.

to see differences between or among categories

B.

to list data to create a bar or pie chart

C.

this is the only way to present categorical data in numerical form

D.

to sum the values of responses to a survey

Answer» a. to see differences between or among categories

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

Equilibrium price is determined under perfect competition by

by
Question:

Equilibrium price is determined under perfect competition by

A.

The market demand

B.

The market supply

C.

The interaction between market demand and market supply

D.

None of the above

Answer» c. The interaction between market demand and market supply

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

Which of the following concepts are most closely associated with J.M. Keynes?

by
Question:

Which of the following concepts are most closely associated with J.M. Keynes?

A.

Control of the money supply

B.

Marginal utility theory

C.

Indifference curve analysis

D.

Marginal efficiency of capital

Answer» d. Marginal efficiency of capital

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

The curve showing the possibilities of production of desired good is known as:

by
Question:

The curve showing the possibilities of production of desired good is known as:

A.

Indifference curve

B.

Production possibility curve

C.

Revealed preference curve

D.

None of these

Answer» b. Production possibility curve

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

At the optimum short-run level of output, the firm will be

by
Question:

At the optimum short-run level of output, the firm will be

A.

Maximizing total profit

B.

Minimizing total losses

C.

Either maximizing total profit or minimizing total losses

D.

Maximizing profit per unit

Answer» c. Either maximizing total profit or minimizing total losses

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

Which of the following statements is true, regarding the revenues of a firm under perfectcompetition

by
Question:

Which of the following statements is true, regarding the revenues of a firm under perfectcompetition

A.

the marginal revenue and the average revenue are equal to the price

B.

the marginal revenue is greater than the average revenue

C.

the marginal revenue is greater than the total revenue

D.

the total revenue is less than the average revenue

Answer» a. the marginal revenue and the average revenue are equal to the price

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