Bachelor of Arts in Economics (BA Economics)

What method is used to sample a population so that it is representative of the population

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Question:

What method is used to sample a population so that it is representative of the population

A.

samples are chosen at random from the population

B.

every other element in a population is chosen

C.

all but the observations that have the lowest and highest values are selected

D.

only the first half of a population is selected

Answer» a. samples are chosen at random from the population

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

When a firm doubles its inputs and finds that its output has more than doubled, this isknown as:

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Question:

When a firm doubles its inputs and finds that its output has more than doubled, this isknown as:

A.

Economies of scale.

B.

Constant returns to scale.

C.

Diseconomies of scale.

D.

A violation of the law of diminishing returns.

Answer» a. Economies of scale.

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

Remittances made by NRIs to India in the context of national income accounting is called as

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Question:

Remittances made by NRIs to India in the context of national income accounting is called as

A.

Remittance Income

B.

NRI Income

C.

Factor Payments

D.

All of the above

Answer» c. Factor Payments

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

A perfectly competitive firm should reduce output or shut down in the short run if marketprice is equal to marginal cost and price is

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Question:

A perfectly competitive firm should reduce output or shut down in the short run if marketprice is equal to marginal cost and price is

A.

greater than average total cost

B.

less than average total cost

C.

greater than average variable cost

D.

less than average variable cost

Answer» d. less than average variable cost

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

When a north Indian town data and south Indian data are totalled, it leads to the problemof _________aggregation.

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Question:

When a north Indian town data and south Indian data are totalled, it leads to the problemof _________aggregation.

A.

national

B.

regional

C.

spatial

D.

heterogeneous

Answer» c. spatial

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