Bachelor of Arts in Economics (BA Economics)

“Under developed countries are slums of the world economy” is astatement given by:

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Question:

“Under developed countries are slums of the world economy” is astatement given by:

A.

david ricardo

B.

g myrdal

C.

cairncross

D.

arthur lewis

Answer» c. cairncross

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

A weighted aggregate price index where the weight for each item is its base periodquantity is known as the

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Question:

A weighted aggregate price index where the weight for each item is its base periodquantity is known as the

A.

paasche index

B.

consumer price index

C.

producer price index

D.

laspeyres index

Answer» d. laspeyres index

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

The total product curve may initially show output increasing at an increasing rate as more labour is hired because of the:

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Question:

The total product curve may initially show output increasing at an increasing rate as more labour is hired because of the:

A.

Declining quality of the labor force.

B.

Principle of comparative advantage.

C.

Law of diminishing marginal returns.

D.

Increase in marginal physical product.

Answer» d. Increase in marginal physical product.

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

Linear regression can achieve which of the following

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Question:

Linear regression can achieve which of the following

A.

allow us to predict someone’s statistical grade from their mathematical ability

B.

allow us to identify how much variable y will change if variable x changes

C.

allow us to predict that as the weather gets 30% colder, then the sales of sweaters will increase by 50%.

D.

all of the above

Answer» a. allow us to predict someone’s statistical grade from their mathematical ability

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