Bachelor of Arts in Economics (BA Economics)

If the percentage increase in the quantity demanded of a commodity is smaller than the percentage fall in its price, the coefficient of price elasticity:

by
Question:

If the percentage increase in the quantity demanded of a commodity is smaller than the percentage fall in its price, the coefficient of price elasticity:

A.

Greater than one

B.

Equal to one

C.

Smaller than one

D.

Zero

Answer» c. Smaller than one

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

I classical demand for money, the relationship between money supply and price level is:

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Question:

I classical demand for money, the relationship between money supply and price level is:

A.

Proportional

B.

Non-proportional

C.

Neither proportional nor non-proportional

D.

None of these

Answer» b. Non-proportional

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

A _____ refers to the group in your study whereas a ______ refers to a distinct group ofpeople

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Question:

A _____ refers to the group in your study whereas a ______ refers to a distinct group ofpeople

A.

population; sample

B.

sample; population

C.

sample; cohort

D.

participant; population

Answer» b. sample; population

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

A firm may decide to shut down in the short run

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Question:

A firm may decide to shut down in the short run

A.

if profit maximization occurs at an output level where price is less than average variable cost

B.

if profit maximization occurs at an output level where price is less than average total cost

C.

profit maximization occurs at an output level where price is less than average total cost but greater than average variable cost

D.

if profit maximization occurs at an output level where price is equal to average total cost and the firm does not foresee changes to the market price in the future

Answer» a. if profit maximization occurs at an output level where price is less than average variable cost

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

A teacher had 5 students who took a test. Their test scores are as follows: 62, 86, 72, 66,72. What is the mode of the test

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Question:

A teacher had 5 students who took a test. Their test scores are as follows: 62, 86, 72, 66,72. What is the mode of the test

A.

72

B.

86

C.

62

D.

86

Answer» a. 72

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