Bachelor of Arts in Economics (BA Economics)

The value of ‘intermediate goods’ are excluded from GDP calculation because:

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Question:

The value of ‘intermediate goods’ are excluded from GDP calculation because:

A.

it will increase the gdp unduly

B.

it results in multiple counting of same value

C.

intermediate goods are not important

D.

all the above

Answer» b. it results in multiple counting of same value

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

You are conducting a survey of the people of India to find out how popular football isamong the Indians. You randomly choose people to call, and make 1,000 phone calls to people scattered across the country. In this study, what of the following statement is true

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Question:

You are conducting a survey of the people of India to find out how popular football isamong the Indians. You randomly choose people to call, and make 1,000 phone calls to people scattered across the country. In this study, what of the following statement is true

A.

both the people of india and the people you called is the population

B.

the people of india is called the population, and the people you called are the sample.

C.

the people of india is the sample, and the people you called is the population.

D.

both the people of india and the people you called are samples.

Answer» b. the people of india is called the population, and the people you called are the sample.

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

Firms in monopolistic competition in long run equilibrium ________ than firms in perfectcompetition.

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Question:

Firms in monopolistic competition in long run equilibrium ________ than firms in perfectcompetition.

A.

produce less

B.

charge a lower price

C.

have bigger profits

D.

have lower costs

Answer» a. produce less

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

Which of the following statements has been drawn by inductive method?

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Question:

Which of the following statements has been drawn by inductive method?

A.

A consumer will buy from the cheapest market

B.

All businessmen wish to buy at low price and sell at high price

C.

A private firm will try to maximize its profits

D.

The larger the stock of money with a person, the lower is the utility that he

Answer» b. All businessmen wish to buy at low price and sell at high price

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

__________ variable is a factor that is not itself under study but affects the measurementof the study variables or the examination of their relationships.

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Question:

__________ variable is a factor that is not itself under study but affects the measurementof the study variables or the examination of their relationships.

A.

exogenous

B.

endogenous

C.

extraneous

D.

dependent

Answer» c. extraneous

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