Bachelor of Arts in Economics (BA Economics)

The mathematical notation R2is for:

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Question:

The mathematical notation R2is for:

A.

the co-efficient of determination

B.

the co-efficient of variation

C.

spearman’s co-efficient of rank correlation

D.

pearson’s co-efficient of correlation

Answer» a. the co-efficient of determination

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

This index measures the change from month to month in the cost of a representative‘basket’ of goods and services of the type bought by a typical household

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Question:

This index measures the change from month to month in the cost of a representative‘basket’ of goods and services of the type bought by a typical household

A.

paasche price index

B.

retail price index

C.

laspeyres price index

D.

financial times index

Answer» b. retail price index

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

The term business cycle refers to –

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Question:

The term business cycle refers to –

A.

fluctuations in aggregate economic activity over time.

B.

ups and down in the production of goods

C.

increasing unemployment

D.

declining savings

Answer» a. fluctuations in aggregate economic activity over time.

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

In input-output analysis,when the technical coefficients are put in the form of a matrix, weget the______

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Question:

In input-output analysis,when the technical coefficients are put in the form of a matrix, weget the______

A.

the transaction matrix

B.

a technology coefficient

C.

non negativity constrains

D.

the

Answer» d. the

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

If the monopolist incurs losses in the short run, then in the long run

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Question:

If the monopolist incurs losses in the short run, then in the long run

A.

the monopolist will go out of business

B.

the monopolist will stay in business

C.

the monopolist will break even

D.

any of the above is possible.

Answer» d. any of the above is possible.

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