Q.1
If the marginal (additional) opportunity cost is a constant then the PPC would be
Q.2
The economic analysis expects the consumer to behave in a manner which is
Q.3
Consumer surplus is highest in case of
Q.4
The vertical difference between TVC and TC is equal to
Q.5
Which one of the following is the task of the Planning Commission?
Q.6
At the point of satiety, marginal utility is
Q.7
Which one of the following is true about Planning Commission?
Q.8
A firm encounters its 'shutdown point' when
Q.9
According to Marshall, the basis of consumer surplus is
Q.10
Which of the following bodies finalizes the Five Year Plan Proposals?
Q.11
Total utility of a commodity is measured by which price of that commodity?
Q.12
Under ______ market condition, firms make normal profits in the long run.
Q.13
Larger production of ___ goods would lead to higher production in future
Q.14
What implication does resource scarcity have for the satisfaction of wants?
Q.15
Who expressed the view that 'Economics should be neutral between ends'?
Q.16
Which of the following is a producer good?
Q.17
Ceteris Paribus means
Q.18
A firm earns economic profit when total profit exceeds
Q.19
Passive factor of production is
Q.20
Under law of demand
Q.21
For inferior commodities, income effect is
Q.22
Economic survey is published by
Q.23
Price-taking firms i.e., firms that operate in a perfectly competitive market, are said to be 'small' relative to the market. Which of the following best describes this smallness?
Q.24
He described economics as a science of material welfare
Q.25
Economic profit is
Q.26
Unit cost is another name for
Q.27
All inputs can be varied in
Q.28
Scarcity means
Q.29
Who is the 'father of economics'?
Q.30
Mixed economy means an economy where
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