Bachelor of Arts in Economics (BA Economics)

The period of economic downturn that ensued after the financial crisis of 2007-08 andaffected many countries world-wide is called:

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Question:

The period of economic downturn that ensued after the financial crisis of 2007-08 andaffected many countries world-wide is called:

A.

the great depression

B.

the great recession

C.

black friday

D.

great collapse

Answer» b. the great recession

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

Arrange the numbers in numerical order and see which is repeated most often. This describes which measure of central tendency

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Question:

Arrange the numbers in numerical order and see which is repeated most often. This describes which measure of central tendency

A.

mean

B.

median

C.

range

D.

mode

Answer» d. mode

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

A firm under perfect competition will maximize profits when its

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Question:

A firm under perfect competition will maximize profits when its

A.

total revenue is equal to its total cost

B.

marginal revenue is equal to its marginal cost

C.

the difference between marginal revenue and marginal cost is the greatest

D.

total cost is greater than total revenue

Answer» b. marginal revenue is equal to its marginal cost

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