Who is called Father of Economics ?
Who is called Father of Economics ?
A. Adam smith
B. David Ricardo
C. David smith
D. Adam Ricardo
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A tax which is paid by the person on whom the tax is incident is called a ?
A tax which is paid by the person on whom the tax is incident is called a ?A. Local tax
B. Indirect tax
C. Direct tax
D. RateIf labour market discrimination crowds women into a limited number of occupations so that the number of occupations available to men increases, then ?
If labour market discrimination crowds women into a limited number of occupations so that the number of occupations available to men increases, then ?A. wages of men will be higher but the marginal productivity of men will be lower than it otherwise would be
B. the wages of men will be lower but the marginal productivity of men will be higher than it otherwise would be
C. both the wages and the marginal productivity of men will be lower than they otherwise would be
D. both the wages and the marginal productivity of men will be higher than they otherwise would beAll of the following considered to be drawbacks of local marketing EXCEPT ?
All of the following considered to be drawbacks of local marketing EXCEPT ?A. it can drive up manufacturing and marketing costs by reducing economies of scale
B. it can create logistical problems when the company tries to meet varied requirements
C. it can attract unwanted competition
D. it can dilute the brand’s overall image________ is screening new product ideas in order to spot good ideas and drop poor ones as soon as possible?
________ is screening new product ideas in order to spot good ideas and drop poor ones as soon as possible?A. Idea generation
B. Concept development and testing
C. Idea screening
D. BrainstormingEconomists suggest that an optimum tariff would be one which reduce imports to a point where___________?
Economists suggest that an optimum tariff would be one which reduce imports to a point where___________?A. Comparative advantage is achieved
B. Price elasticity of imports is unity and tariff revenue is maximized
C. import prices are the same as export prices
D. marginal social cost equals marginal social benefitTheory of comparative advantages was presented by ?
Theory of comparative advantages was presented by ?A. Adam Smith
B. Ricardo
C. Hicks
D. Barron