Cross elasticity of demand in the case of substitutes:

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Question:

Cross elasticity of demand in the case of substitutes:

Zero

Negative

Positive

Infinity

Answer» c. Positive

Note:

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» Micro Economics 1 solved MCQs

Change in utility resulting from one unit change in consumption is called:

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Question:

Change in utility resulting from one unit change in consumption is called:

Total Utility

Extra Utility

Marginal Utility

Average Utility

Answer» c. Marginal Utility

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» Micro Economics 1 solved MCQs

Name the district with highest sex ratio in Kerala as per 2011 census

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Question:

Name the district with highest sex ratio in Kerala as per 2011 census

. pathanamthitta

. kannur

. malappuram

. wayanad

Answer» b. . kannur

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Fiscal policy in India is formulated by

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Question:

Fiscal policy in India is formulated by

reserve bank of india

planning commission

finance ministry

securities and exchange board of india

Answer» c. finance ministry

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» Macro Economics 2 solved MCQs

A curve that can never be “U” shaped is the:

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Question:

A curve that can never be “U” shaped is the:

Average variable cost curve.

Marginal cost curve.

Average fixed cost curve.

Average total cost curve.

Answer» c. Average fixed cost curve.

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» Micro Economics 1 solved MCQs

Who argued that national income is simply equal to “net product of agriculture”?

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Question:

Who argued that national income is simply equal to “net product of agriculture”?

Mercantilists

Physiocrats

Classical Economists

Neo Classical Economists

Answer» b. Physiocrats

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» Micro Economics 1 solved MCQs

In the saving function S = -a + (1-b)Y, the term ‘b’ denotes

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Question:

In the saving function S = -a + (1-b)Y, the term ‘b’ denotes

saving

mpc

mps

aps

Answer» b. mpc

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The set which contains all the elements of the two given sets A and B, avoiding duplication, iscalled

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Question:

The set which contains all the elements of the two given sets A and B, avoiding duplication, iscalled

intersection of a and b

union of a and b

set of a and b

none of these

Answer» b. union of a and b

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Slope of Total product Curve is called

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Question:

Slope of Total product Curve is called

Answer» a. mp

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» Mathematical Tools for Economics 2 solved MCQs

The relationship between demand and price is

» Mathematical Tools for Economics 2 solved MCQs / admin

Question:

The relationship between demand and price is

positive

negative

perfect

none

Answer» b. negative

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» Mathematical Tools for Economics 2 solved MCQs

Bachelor of Arts in Economics (BA Economics)

Cross elasticity of demand in the case of substitutes:

Change in utility resulting from one unit change in consumption is called:

Name the district with highest sex ratio in Kerala as per 2011 census

Fiscal policy in India is formulated by

A curve that can never be “U” shaped is the:

Who argued that national income is simply equal to “net product of agriculture”?

In the saving function S = -a + (1-b)Y, the term ‘b’ denotes

The set which contains all the elements of the two given sets A and B, avoiding duplication, iscalled

Slope of Total product Curve is called

The relationship between demand and price is