Bachelor of Arts in Economics (BA Economics)

When constructing a frequency distribution, which of the following rules must befollowed?

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Question:

When constructing a frequency distribution, which of the following rules must befollowed?

A.

the midpoint of each class must be an integer

B.

the width of each class is equal to the lowest value in the data set

C.

the number of classes must be an even number

D.

adjacent classes cannot overlap

Answer» d. adjacent classes cannot overlap

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

If the demand curve for a monopolist is P = 100 -20Q, then the marginal revenue of thatfirm is given by the equation:

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Question:

If the demand curve for a monopolist is P = 100 -20Q, then the marginal revenue of thatfirm is given by the equation:

A.

MR = 200 − 20Q

B.

MR = 50 − 40Q

C.

MR = 100 − 20Q

D.

MR = 100 − 40Q

Answer» d. MR = 100 − 40Q

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

When the method of Statics is called upon to study a changing process, it is referred to as the method of:

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Question:

When the method of Statics is called upon to study a changing process, it is referred to as the method of:

A.

Statics

B.

Dynamics

C.

Comparative statics

D.

None of these

Answer» b. Dynamics

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

________ social science discipline deals with the integration of different aspects of the Social Sciences, Humanities, and Human Biology

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Question:

________ social science discipline deals with the integration of different aspects of the Social Sciences, Humanities, and Human Biology

A.

Criminology

B.

Demography

C.

Geography

D.

Anthropology

Answer» d. Anthropology

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

The marginal productivity of labour:

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Question:

The marginal productivity of labour:

A.

increases when the price of the good sold increases, ceteris paribus

B.

decreases when there is an adverse supply shock, ceteris paribus

C.

increase when more workers are hired, ceteris paribus

D.

decreases when there is an increase in the quantity of capital, ceteris paribus

Answer» b. decreases when there is an adverse supply shock, ceteris paribus

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

The relationship between quantity demanded of a good and level ofconsumer’s income:

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Question:

The relationship between quantity demanded of a good and level ofconsumer’s income:

A.

engel function

B.

consumption function

C.

saving function

D.

none

Answer» a. engel function

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