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Bachelor of Arts in Economics (BA Economics)

If you have a digital weighing machine in your college that only reads in integers, is yourweight a discrete variable

» Quantitative Methods for Economic Analysis 1 solved MCQs /
Question:

If you have a digital weighing machine in your college that only reads in integers, is yourweight a discrete variable

A.

yes, because the scale reports integers

B.

no, because weight is still a continuous variable regardless of the ability to measure it

C.

it depends on the accuracy of the scale

D.

it depends on your weight

Answer» b. no, because weight is still a continuous variable regardless of the ability to measure it

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

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» Quantitative Methods for Economic Analysis 1 solved MCQs

If negative income effect is greater than positive substitution effect : theproduct will be

» Micro Economics 1 solved MCQs /
Question:

If negative income effect is greater than positive substitution effect : theproduct will be

A.

a normal good

B.

an inferior good

C.

a giffen good

D.

a complementary good

Answer» c. a giffen good

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

If negative income effect is greater than positive substitution effect : theproduct will be Read More »

» Micro Economics 1 solved MCQs

A simple aggregate price index:

» Quantitative Methods for Economic Analysis 1 solved MCQs /
Question:

A simple aggregate price index:

A.

ignores relative quantities

B.

compares relative quantities to relative prices

C.

considers relative quantities

D.

compares absolute prices to absolute quantities

Answer» a. ignores relative quantities

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

A simple aggregate price index: Read More »

» Quantitative Methods for Economic Analysis 1 solved MCQs