Bachelor of Arts in Economics (BA Economics)

If an oligopolist incurs losses in the short run, then in the longrun

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Question:

If an oligopolist incurs losses in the short run, then in the longrun

A.

The oligopolist will go out of business

B.

The oligopolist will stay in business

C.

The oligopolist will break-even

D.

Any of the above

Answer» d. Any of the above

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

The amount of a productive factor that is essential to produce a unit ofproduct is called:

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Question:

The amount of a productive factor that is essential to produce a unit ofproduct is called:

A.

technical coefficient

B.

fixed proportion

C.

variable proportion

D.

none

Answer» a. technical coefficient

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

The method consistsin deriving conclusionsfrom general truths, takesfewgeneral principles and applies them draw conclusions.

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Question:

The method consistsin deriving conclusionsfrom general truths, takesfewgeneral principles and applies them draw conclusions.

A.

inductive

B.

deductive

C.

empirical

D.

scientific

Answer» b. deductive

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

An unrealistically low unemployment target will most likely result in

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Question:

An unrealistically low unemployment target will most likely result in

A.

inflation.

B.

an unemployment rate falling below the natural rate.

C.

excessive monetary growth.

D.

all of the above.

Answer» d. all of the above.

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

Assertion (A): Necessity led to the invention of moneyReason(R) : Barter system failed to perform the major functions of money

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Question:

Assertion (A): Necessity led to the invention of moneyReason(R) : Barter system failed to perform the major functions of money

A.

(A) is true but (R) is false.

B.

Both (A) and (R) are false

C.

Both (A) and (R) are true and (R) is the correct explanation of (A)

D.

Both (A) and (R) are true but (R) is not the correct explanation of (A)

Answer» d. Both (A) and (R) are true but (R) is not the correct explanation of (A)

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