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- Question
Through specialization and international trade, a nation
Options- A. will attain some combination of goods lying inside its production possibilities curve
- B. will shift its production possibilities curve towards left
- C. can attain some combination of goods lying outside its production possibilities curve
- D. will shift its production possibilities curve towards right
- Correct Answer
- can attain some combination of goods lying outside its production possibilities curve
- 1. The demand curve shows the relationship between
Options- A. good price and the service
- B. quantity demanded and the price of the good
- C. quality and quantity of the good
- D. quality and price of the good Discuss
- 2. Poverty level in india is estimated on the basis of
Options- A. Household consumer expenditure
- B. Slum population in the country
- C. Per capita income in different States
- D. Household average income Discuss
- 3. Which of the following is classified as working capital?
Options- A. currents assets
- B. current liabilities
- C. Both A & B
- D. current assets - current liabities Discuss
- 4. Trade blocs help countries by
Options- A. competition
- B. economic integration
- C. Increase in trade
- D. All of the above Discuss
- 5. Increasing marginal cost of production explains
Options- A. the income effect.
- B. why the supply curve is upsloping.
- C. why the demand curve is downsloping
- D. the law of demand. Discuss
- 6. If intermediate goods and services were included in GDP
Options- A. the price level may change over time.
- B. the GDP would be overstated.
- C. the price level rose by more than nominal GDP.
- D. All of the above Discuss
- 7. The concept of net domestic investment refers to
Options- A. the difference between the market value and book value of outstanding capital stock.
- B. total investment less the amount of investment goods used up in producing the year's output.
- C. the amount of machinery and equipment used up in producing the GDP in a specific year.
- D. gross domestic investment less net exports. Discuss
- 8. A command economy tends to exist under a
Options- A. Representative government that provides no regulation.
- B. Socialist government that provides a lot of regulation.
- C. Communist government that provides little regulation.
- D. Democratic government that provides some regulation. Discuss
- 9. What was the strength of Indus economy?
Options- A. Trading
- B. Agriculture
- C. Electricity
- D. Mining Discuss
- 10. The MPC for an economy is
Options- A. the slope of the savings schedule or line.
- B. 1 divided by the slope of the savings schedule or line.
- C. the slope of the consumption schedule or line.
- D. 1 divided by the slope of the consumption schedule or line. Discuss
Indian Economy problems
Search Results
Correct Answer: quantity demanded and the price of the good
Correct Answer: Household consumer expenditure
Correct Answer: current assets - current liabities
Explanation:
Working capital, also known as net working capital, is the difference between a company?s current assets, like cash, accounts receivable and inventories of raw materials and finished goods, and its current liabilities, like accounts payable.
Working Capital = Current Assets - Current Liabilities
Correct Answer: All of the above
Explanation:
A trade bloc is a type of intergovernmental agreement for a group of countries where barriers to trade are reduced or eliminated among the participating states and less competition and for economic integration.
Correct Answer: why the supply curve is upsloping.
Correct Answer: the GDP would be overstated.
Correct Answer: total investment less the amount of investment goods used up in producing the year's output.
Correct Answer: Socialist government that provides a lot of regulation.
Explanation:
A command economy types of government decide which goods would be produced without any interference of the public.
Command economy ran in Germany during the rule of Adolf Hitler.
A command economy tends to exist under a socialist government that provides a lot of regulation.
Correct Answer: Agriculture
Correct Answer: 1 divided by the slope of the consumption schedule or line.
Explanation:
Marginal propensity to consume (MPC) in economics is a metric that quantifies induced consumption, the concept that the increase in personal consumer spending (consumption) occurs with an increase in disposable income (income after taxes and transfers).
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