Which one of the following includes ‘income of residents’?
Which one of the following includes ‘income of residents’?
| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |
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When there are only two sellers, the market is called as:
Question: When there are only two sellers, the market is called as:
A. Oligopoly B. Monopsony C. Duopoly D. Bilateral monopoly Answer» c. Duopoly Note: The above multiple-choice question is for all general and Competitive Exams in India. Milton Friedman restated the :
Question: Milton Friedman restated the :
A. labour theory B. profit theory C. quantity theory of money D. wage theory Answer» c. quantity theory of money Note: The above multiple-choice question is for all general and Competitive Exams in India. Inflation represents:
Question: Inflation represents:
A. fall in price level B. increase value of money C. decrease value of money D. None Answer» c. decrease value of money Note: The above multiple-choice question is for all general and Competitive Exams in India. According to classical economists, variationsin savings are due to:
Question: According to classical economists, variationsin savings are due to:
A. level of investment B. rate ofinterest C. level of employment D. none of the above Answer» b. rate ofinterest Note: The above multiple-choice question is for all general and Competitive Exams in India. A firm may decide to shut down in the short run
Question: A firm may decide to shut down in the short run
A. if profit maximization occurs at an output level where price is less than average variable cost B. if profit maximization occurs at an output level where price is less than average total cost C. profit maximization occurs at an output level where price is less than average total cost but greater than average variable cost D. if profit maximization occurs at an output level where price is equal to average total cost and the firm does not foresee changes to the market price in the future Answer» a. if profit maximization occurs at an output level where price is less than average variable cost Note: The above multiple-choice question is for all general and Competitive Exams in India. Which one of the following is roughly equal to national income?
Question: Which one of the following is roughly equal to national income?
A. GDP B. NNP C. GNP D. SDP Answer» b. NNP Note: The above multiple-choice question is for all general and Competitive Exams in India.