Bachelor of Arts in Economics (BA Economics)

The short-run supply curve of a firm in perfect competition is the segment of its:

by
Question:

The short-run supply curve of a firm in perfect competition is the segment of its:

A.

marginal cost curve that lies above the minimum average total cost

B.

marginal revenue curve that lies above the minimum average total cost

C.

marginal cost curve that lies above the minimum average variable cost

D.

marginal revenue curve that lies above the minimum average variable cost

Answer» c. marginal cost curve that lies above the minimum average variable cost

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

Macroeconomics is primarily concerned with aggregates. Which of the following is not a macroeconomic aggregate?

by
Question:

Macroeconomics is primarily concerned with aggregates. Which of the following is not a 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. 

When two variables are correlated we can say

by
Question:

When two variables are correlated we can say

A.

that they have a perfect positive relationship

B.

that they share variance

C.

high scores are frequent on x and y

D.

that they are independent

Answer» b. that they share variance

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

if all the elements below the leading diagonal are zero in a square matrix, it is

by
Question:

if all the elements below the leading diagonal are zero in a square matrix, it is

A.

lower triangular matrix

B.

identity matrix

C.

inverse matrix

D.

upper triangular matrix

Answer» b. identity matrix

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

When a group of monopolistic competition attains the equilibrium,the firms in the group

by
Question:

When a group of monopolistic competition attains the equilibrium,the firms in the group

A.

Charge different prices, but produce identical outputs

B.

Produce different output, but charge the same price

C.

Charge different price and produce different output

D.

None of the above

Answer» b. Produce different output, but charge the same price

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