Economics - Part 2 Online Exam Quiz
Economics - Part 2 GK Quiz. Question and Answers related to Economics - Part 2. MCQ (Multiple Choice Questions with answers about Economics - Part 2
What would you derive when total expenditure is deducted from total receipt
Options
A : National Income
B : Money deficit
C : Budgetory deficit
D : Demand deficit
The cost that a firm incurs on purchasing raw materials for producing a commodity is known as
Options
A : Total cost
B : Variable cost
C : Fixed cost
D : Implicit cost
Who has given the theory of "Big Push"
Options
A : Paul N. Rosentein-Rodan
B : Arthur Lewis
C : Harvey Leibenstein
D : H. Stiglitz
According to Meadows, the "Limits to growth" should be
Options
A : Zero percent
B : Between 5-10 percent
C : Between 10-25 percent
D : Between 25-50 percent
When the economic growth in one region had adverse effect on the other regions, it is called
Options
A : Backwash effect
B : Brain drain effect
C : Trickle down effect
D : International demonstration effect
According to Stackelberg, where is the "Cournot Point" situated on the demand line of a firm
Options
A : When elasticity is unity
B : When elasticity is less than unity
C : When elasticity is more than unity
D : Anywhere on the demand line
Who among the following economists has not given a model to explain pricing in a duopoly market
Options
A : Bertrand
B : Chamberlin
C : Cournot
D : Stackelberg
Who gave the concept of opportunity cost in 1914
Options
A : Haberler
B : Marshall
C : Gossen
D : Wieser
Who among the following showed that an import tariff can reduce domestic price
Options
A : Metzler
B : Krugman
C : Machlup
D : Salvatore
Who said that "Laws of Economics are like tides"
Options
A : Adam Smith
B : David Ricardo
C : L. Walras
D : Alfred Marshall