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Bachelor of Arts in Economics (BA Economics)

According to Hicks substitution effect is

» Micro Economics 1 solved MCQs /
Question:

According to Hicks substitution effect is

A.

the movement to a higher indifference curve

B.

the movement to a lower indifference curve

C.

the movement along an indifference curve

D.

the movement to a decreased consumption

Answer» c. the movement along an indifference curve

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

According to Hicks substitution effect is Read More »

» Micro Economics 1 solved MCQs

A situation where one commodity is capital intensive in one country and labourintensive in another country is called

» International Economics solved MCQs /
Question:

A situation where one commodity is capital intensive in one country and labourintensive in another country is called

A.

opportunity cost

B.

factor price equalization

C.

leontiff paradox

D.

faction intensity reversal

Answer» d. faction intensity reversal

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

A situation where one commodity is capital intensive in one country and labourintensive in another country is called Read More »

» International Economics solved MCQs

Which of the following statements describes the presence of diminishing returns. Holding at least one factor constant …….

» Micro Economics 1 solved MCQs /
Question:

Which of the following statements describes the presence of diminishing returns. Holding at least one factor constant …….

A.

The marginal product of a factor is positive and rising.

B.

The marginal product of a factor is positive but falling.

C.

The marginal product of a factor is falling and negative.

D.

The marginal product of a factor is constant.

Answer» b. The marginal product of a factor is positive but falling.

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

Which of the following statements describes the presence of diminishing returns. Holding at least one factor constant ……. Read More »

» Micro Economics 1 solved MCQs

The law which states that supply creates its own demand and overproduction is impossible is known as:

» Micro Economics 1 solved MCQs /
Question:

The law which states that supply creates its own demand and overproduction is impossible is known as:

A.

The law of supply

B.

Say’s law of market

C.

Law of demand

D.

Law of macro economics

Answer» b. Say’s law of market

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

The law which states that supply creates its own demand and overproduction is impossible is known as: Read More »

» Micro Economics 1 solved MCQs

The most important founder of German sociology, __________ , was keenly interested in maintaining the relationship between economics and sociology.

» Micro Economics 1 solved MCQs /
Question:

The most important founder of German sociology, __________ , was keenly interested in maintaining the relationship between economics and sociology.

A.

Max Adler

B.

Max Weber

C.

Karl Marx

D.

Joseph W. Eaton

Answer» b. Max Weber

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

The most important founder of German sociology, __________ , was keenly interested in maintaining the relationship between economics and sociology. Read More »

» Micro Economics 1 solved MCQs

Perfect price discrimination means that every customer ____________

» Micro economics 2 solved MCQs /
Question:

Perfect price discrimination means that every customer ____________

A.

buys the same amount

B.

pays the same price

C.

contributes the same revenue

D.

pays what she thinks the product is worth

Answer» d. pays what she thinks the product is worth

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

Perfect price discrimination means that every customer ____________ Read More »

» Micro economics 2 solved MCQs

A negative definite Hessian fulfils the second order conditions for

» Mathematical Tools for Economics 1 solved MCQs /
Question:

A negative definite Hessian fulfils the second order conditions for

A.

maximum

B.

minimum

C.

both maximum and minimum

D.

minimax

Answer» a. maximum

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

A negative definite Hessian fulfils the second order conditions for Read More »

» Mathematical Tools for Economics 1 solved MCQs