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- Question
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.
- Correct Answer
- Socialist government that provides a lot of regulation.
ExplanationA 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.
- 1. 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
- 2. 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
- 3. 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 Discuss
- 4. 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
- 5. 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
- 6. What was the strength of Indus economy?
Options- A. Trading
- B. Agriculture
- C. Electricity
- D. Mining Discuss
- 7. 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
- 8. The most common economic system in the world is a
Options- A. Mixed
- B. Command
- C. Planned
- D. Market Discuss
- 9. Production costs to an economist
Options- A. reflect opportunity costs
- B. consist only of explicit costs
- C. always reflect monetary outlays
- D. never reflect monetary outlays Discuss
- 10. "GDP price index" measures changes in the
Options- A. Amount of resources available in the nation
- B. Value of final output produced in the nation
- C. Cost of resources employed in the nation
- D. Prices of the output produced in the nation Discuss
Indian Economy problems
Search Results
Correct Answer: total investment less the amount of investment goods used up in producing the year's output.
Correct Answer: the GDP would be overstated.
Correct Answer: can attain some combination of goods lying outside its production possibilities curve
Correct Answer: quantity demanded and the price of the good
Correct Answer: Household consumer expenditure
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).
Correct Answer: Mixed
Explanation:
Mixed economy is the most common economic system in the world.
Correct Answer: reflect opportunity costs
Explanation:
Production costs to an economist reflect opportunity costs.
Correct Answer: Value of final output produced in the nation
Explanation:
"GDP price index" measures changes in the value of final output produced in the nation.
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