Who first introduced the concept of circular flow of income?
Who first introduced the concept of circular flow of income?
| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |
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_______ is situation in which a single company or group owns all or nearly all of themarket for a given type of product or service.
Question: _______ is situation in which a single company or group owns all or nearly all of themarket for a given type of product or service.
A. monopsony B. oligopoly C. perfect competition D. monopoly Answer» d. monopoly Note: The above multiple-choice question is for all general and Competitive Exams in India. Simple aggregate of quantities is a type of
Question: Simple aggregate of quantities is a type of
A. quantity control B. quantity indices C. both D. none of the above Answer» b. quantity indices Note: The above multiple-choice question is for all general and Competitive Exams in India. Who develop the ISLM open economy model?
Question: Who develop the ISLM open economy model?
A. Mundell B. Fleming C. Both D. None Answer» c. Both Note: The above multiple-choice question is for all general and Competitive Exams in India. If the demand curve facing a firm is perfectly elastic, then:
Question: If the demand curve facing a firm is perfectly elastic, then:
A. its marginal revenue will equal price. B. its marginal revenue schedule will decrease at an increasing rate. C. its marginal revenue schedule decreases twice as fast as the demand curve. D. it can increase its total revenue by lowering the price of its product. Answer» a. its marginal revenue will equal price. Note: The above multiple-choice question is for all general and Competitive Exams in India. Rate of change in savings to change in income:
Question: Rate of change in savings to change in income:
A. aps B. apc C. mps D. mpc Answer» c. mps Note: The above multiple-choice question is for all general and Competitive Exams in India. Third degree price discrimination occurs when the monopolist charges different prices forthe same commodity in different
Question: Third degree price discrimination occurs when the monopolist charges different prices forthe same commodity in different
A. Markets B. places C. continents D. countries Answer» a. Markets Note: The above multiple-choice question is for all general and Competitive Exams in India.