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Bachelor of Arts in Economics (BA Economics)

The idea that a general cut in wages will finally lead to a state of full employment was suggested by :

» Micro Economics 1 solved MCQs /
Question:

The idea that a general cut in wages will finally lead to a state of full employment was suggested by :

A.

Keynes

B.

Marshall

C.

J.B.Say

D.

A.C.Pigou

Answer» d. A.C.Pigou

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

The idea that a general cut in wages will finally lead to a state of full employment was suggested by : Read More »

» Micro Economics 1 solved MCQs

An increase in income lead to the increase in quantity demanded of thegood:

» Mathematical Economics and Econometrics solved MCQs /
Question:

An increase in income lead to the increase in quantity demanded of thegood:

A.

negative good

B.

positive good

C.

superior good

D.

normal good

Answer» c. superior good

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

An increase in income lead to the increase in quantity demanded of thegood: Read More »

» Mathematical Economics and Econometrics solved MCQs

If one perfectly competitive firm increases its level of output, market supply

» Micro economics 2 solved MCQs /
Question:

If one perfectly competitive firm increases its level of output, market supply

A.

will increase and market price will fall

B.

will increase and market price will rise

C.

and market price will both remain constant

D.

will decrease and market price will rise

Answer» c. and market price will both remain constant

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

If one perfectly competitive firm increases its level of output, market supply Read More »

» Micro economics 2 solved MCQs

‘Higher the indifference curve higher will be level of satisfaction’. Thestatement is

» Micro Economics 1 solved MCQs /
Question:

‘Higher the indifference curve higher will be level of satisfaction’. Thestatement is

A.

always true

B.

always false

C.

sometimes true and sometimes false

D.

true only if price effect is positive

Answer» a. always true

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

‘Higher the indifference curve higher will be level of satisfaction’. Thestatement is Read More »

» Micro Economics 1 solved MCQs

MEC for a capital good was found out to be 10% and the market rate of interest is 9%, then the investment is

» Micro Economics 1 solved MCQs /
Question:

MEC for a capital good was found out to be 10% and the market rate of interest is 9%, then the investment is

A.

Not profitable

B.

Profitable

C.

Breakeven

D.

Cannot say

Answer» b. Profitable

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

MEC for a capital good was found out to be 10% and the market rate of interest is 9%, then the investment is Read More »

» Micro Economics 1 solved MCQs

International Social Science Associations were founded under the auspices of___________

» Micro Economics 1 solved MCQs /
Question:

International Social Science Associations were founded under the auspices of___________

A.

UNESCO

B.

World Bank

C.

IMF

D.

USA

Answer» a. UNESCO

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

International Social Science Associations were founded under the auspices of___________ Read More »

» Micro Economics 1 solved MCQs