Discussion
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- Question
Economics involves marginal analysis because
Options- A. marginal benefits always exceed marginal costs
- B. much economic behavior is irrational
- C. most decisions involve changes from the present situation
- D. marginal costs always exceed marginal benefits
- Correct Answer
- most decisions involve changes from the present situation
- 1. The goal of a command economy is to
Options- A. create equality within a society
- B. mixed-market
- C. Both A & B
- D. None of the above Discuss
- 2. Economic growth is measured by
Options- A. % of GDP
- B. % of NDP
- C. % of expenditure
- D. % of percapita income Discuss
- 3. GDP tends to overstate economic well-being because it takes into account Discuss
- 4. As per the decision of the GST Council, e-Way Bill system has been rolled out from
Options- A. 1st March 2018
- B. 1st April 2018
- C. 1st May 2018
- D. 1st January 2018 Discuss
- 5. The head quarters of World Trade Organisation(WTO) are at
Options- A. Rome
- B. Geneva
- C. Doha
- D. New York Discuss
- 6. A master plan is devised for
Options- A. Long-range goals
- B. Emergencies
- C. Short-term goals
- D. Investments Discuss
- 7. A decline in disposable income means Discuss
- 8. Microeconomics is concerned with issues such as
Options- A. inflation
- B. interest rates
- C. unemployment
- D. which job to take Discuss
- 9. Economics is the study of how society manages its
Options- A. Limited resources & limited wants
- B. Unlimited wants & unlimited resources
- C. Limited wants & unlimited resources
- D. Limited resources & unlimited wants Discuss
- 10. Economics deals primarily with the concept of
Options- A. Poverty
- B. Money
- C. Scarcity
- D. Banking Discuss
Indian Economy problems
Search Results
Correct Answer: create equality within a society
Correct Answer: % of GDP
Explanation:
Economic growth is measured by the percentage of gross domestic product. GDP refers to the total value of goods and services produced in the country.
Correct Answer: GDP tends to overstate economic well-being because it takes into account social costs related to the consumption of products with adverse health effects
Correct Answer: 1st April 2018
Explanation:
As per the decision of the GST Council, e-Way Bill system has been rolled out from 1st of April this year (2018).
Correct Answer: Geneva
Correct Answer: Long-range goals
Explanation:
A master plan is devised for long-range goals.
Correct Answer: Disposable income is the amount of money that households have available for spending and saving after income taxes have been accounted for A decline in disposable income means a movement down along an economy's consumption schedule
Correct Answer: unemployment
Correct Answer: Limited wants & unlimited resources
Explanation:
Economics is the study of how society manages its scarce resources i.e, Limited wants & unlimited resources.
Correct Answer: Scarcity
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