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- Question
The most common economic system in the world is a
Options- A. Mixed
- B. Command
- C. Planned
- D. Market
- Correct Answer
- Mixed
ExplanationMixed economy is the most common economic system in the world.
- 1. 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
- 2. What was the strength of Indus economy?
Options- A. Trading
- B. Agriculture
- C. Electricity
- D. Mining Discuss
- 3. 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
- 4. 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
- 5. 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
- 6. 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
- 7. "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
- 8. The greater is the marginal propensity to consume, the
Options- A. lower is the price level
- B. smaller is the marginal propensity to save
- C. lower is the average propensity to consume
- D. higher is the interest rate Discuss
- 9. Employment in agriculture comes under
Options- A. organised sector
- B. service sector
- C. unorganised sector
- D. semi organised sector Discuss
- 10. The foreign purchases effect
Options- A. shifts the aggregate demand curve leftward
- B. moves the economy along a fixed aggregate demand curve
- C. shifts the aggregate demand curve rightward
- D. shifts the aggregate supply curve rightward Discuss
Indian Economy problems
Search Results
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: Agriculture
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: 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: 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.
Correct Answer: smaller is the marginal propensity to save
Correct Answer: service sector
Correct Answer: moves the economy along a fixed aggregate demand curve
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