Bachelor of Arts in Economics (BA Economics)

In the equation of a straight line, Y = mX + c , if m is equal to zero then when:

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Question:

In the equation of a straight line, Y = mX + c , if m is equal to zero then when:

A.

x increases y decreases

B.

y increases x increases

C.

x increases y increases

D.

x increases y remains constant

Answer» d. x increases y remains constant

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

Which of the following is a cardinalist approach to demand analysis:

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Question:

Which of the following is a cardinalist approach to demand analysis:

A.

Marshallian utility analysis

B.

Indifference Curve Analysis

C.

Revealed Preference Theory

D.

None of these

Answer» a. Marshallian utility analysis

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

Which of the following is not related to commodity money

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Question:

Which of the following is not related to commodity money

A.

All commodities were not uniform in quality

B.

It is difficult to store and prevent the loss of value

C.

They lacked portability

D.

There was no problem of coincidence of wants

Answer» c. They lacked portability

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

A negative income elasticity of demand for a commodity indicates that as income falls, the amount of the commodity purchased:

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Question:

A negative income elasticity of demand for a commodity indicates that as income falls, the amount of the commodity purchased:

A.

Rises

B.

Falls

C.

Remains unchanged

D.

None of the above

Answer» a. Rises

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