Bachelor of Arts in Economics (BA Economics)

Macroeconomicsis primarily concerned with aggregates. Which of the following is nota macroeconomic aggregate?

by
Question:

Macroeconomicsis primarily concerned with aggregates. Which of the following is nota 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. 

The larger the diameter of a natural gas pipeline, the lower is the average total cost oftransmitting 1,000 cubic feet of gas 1,000 miles. This is an example of:

by
Question:

The larger the diameter of a natural gas pipeline, the lower is the average total cost oftransmitting 1,000 cubic feet of gas 1,000 miles. This is an example of:

A.

Economies of scale.

B.

Normative economies.

C.

Diminishing marginal returns.

D.

An increasing marginal product of labour.

Answer» a. Economies of scale.

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

If negative income effect is less than positive substitution effect : the productwill be

by
Question:

If negative income effect is less than positive substitution effect : the productwill be

A.

a normal good

B.

an inferior good

C.

a giffen good

D.

a complementary good

Answer» b. an inferior good

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

Monopolistic competitive firm fixes the price of its product

by
Question:

Monopolistic competitive firm fixes the price of its product

A.

Independent of the price of close substitutes

B.

Close to the prices of close substitutes

C.

At a very high level

D.

None of the above

Answer» b. Close to the prices of close substitutes

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

A monthly price index that uses the price changes in consumer goods and services formeasuring the changes in consumer prices over time is known as the

by
Question:

A monthly price index that uses the price changes in consumer goods and services formeasuring the changes in consumer prices over time is known as the

A.

paasche index

B.

consumer price index

C.

producer price index

D.

laspeyres index

Answer» b. consumer price index

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