Bachelor of Arts in Economics (BA Economics)

What will be the range of “r” when we find that the dependent variable increases as theindependent variable increases

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Question:

What will be the range of “r” when we find that the dependent variable increases as theindependent variable increases

A.

0 to -0.05

B.

1 to 2

C.

0.1 to 1

D.

2 to 3

Answer» c. 0.1 to 1

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

Profit maximization for a perfectly competitive firm is at the quantity where

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Question:

Profit maximization for a perfectly competitive firm is at the quantity where

A.

price equals marginal revenue

B.

the difference between price and marginal cost is the greatest

C.

price equals marginal cost

D.

marginal cost is at a minimum

Answer» c. price equals marginal cost

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

Human development index is based on;

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Question:

Human development index is based on;

A.

life expectancy, infant mortality and literacy

B.

life expectancy, infant mortality and social enrollment ratio

C.

longevity, knowledge and income

D.

none of these

Answer» c. longevity, knowledge and income

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

Given the supply of a commodity, in the market period, the price ofa commodity is determined by

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Question:

Given the supply of a commodity, in the market period, the price ofa commodity is determined by

A.

The market demand curve alone

B.

The market supply curve alone

C.

The market demand curve and the market supply curve

D.

None of the above

Answer» a. The market demand curve alone

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

Monopolistic competition is characterized by

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Question:

Monopolistic competition is characterized by

A.

Few firms’ selling differentiated products

B.

Many firms selling homogeneous product

C.

Few firms selling homogeneous product

D.

Many firms selling differentiated products

Answer» d. Many firms selling differentiated products

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