Q.1
The long run is a
Q.2
The Purchasing Power Parity Theory' came into prominence in 1916 through the writings of
Q.3
Utility is more closely related to the term
Q.4
The short run
Q.5
Identify the work of Irving Fisher
Q.6
Professor Knight is famous for his theory of
Q.7
Which is NOT a cause of shift in cost curves of a firm?
Q.8
Who first raised the fear of a world food shortage?
Q.9
The minimum wage is an example of
Q.10
During short period, diminishing returns may follow because
Q.11
MC is given by
Q.12
As for the cost of production of an individual farmer, the rent paid by him
Q.13
Human wants are
Q.14
When was Adam Smith's major work "An enquiry into the Nature and Causes of Wealth of Nations" published?
Q.15
The standard of living of workers depends upon their
Q.16
Economies of scale are of two kinds
Q.17
Which statement is true
Q.18
TVC curve
Q.19
TC curve
Q.20
"The real price of everything, what every thing really costs to the man who wants to require it, is the toil and trouble of acquiring it. Who made this statement?
Q.21
Identify the economist who had little formal education and started working in the money market at an early age of fourteen.
Q.22
In which form, the largest percentage of national income is earned?
Q.23
Law of return applies to firms working in
Q.24
These are kinds of rent EXCEPT
Q.25
Identify the author of "The principles of Political Economy and Taxation"
Q.26
Which is not a central problem of an economy?
Q.27
A significant property of the Cobb-Douglas production function is that the elasticity of substitution between inputs is
Q.28
The most efficient scale of production of a firm is where
Q.29
A firm should shut down in the short run if it is not covering its
Q.30
A consumer is in equilibrium when marginal utilities are
0 h : 0 m : 1 s