As a result of an increase in capital, ceteris paribus, ——- the marginal productivity oflabour:

Question:

As a result of an increase in capital, ceteris paribus, ——- the marginal productivity oflabour:

A.

remains constant

B.

increase

C.

decreases

D.

none of these

Answer» b. increase

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

There is inverse relation between price and demand for the product of a firm under:

Question:

There is inverse relation between price and demand for the product of a firm under:

A.

Monopoly only

B.

Monopolistic competition only

C.

Both under monopoly and monopolistic competition

D.

Perfect competition only

Answer» c. Both under monopoly and monopolistic competition

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

Which of the following is least likely to lead to inflationary monetary policy?

Question:

Which of the following is least likely to lead to inflationary monetary policy?

A.

rising unemployment

B.

expanding federal budget deficits

C.

declining oil prices

D.

conflict in the middle east

Answer» c. declining oil prices

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

A firm under monopolistic competition advertise because

Question:

A firm under monopolistic competition advertise because

A.

To compete successfully with rival

B.

To lower cost of production

C.

To increase revenue and sales

D.

Since it cannot raise price

Answer» c. To increase revenue and sales

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

In the case of a ‘token money’

Question:

In the case of a ‘token money’

A.

Face value is less than the metal value

B.

Face value is equal to the metal value

C.

Face value is greater than the metal value

D.

None of the above

Answer» c. Face value is greater than the metal value

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