Economics (UI) Study Mode

Try this quiz in CBT Mode
Economics (UI) in CBT Mode

Please share this quiz link to your friends, they might need it!

Quiz link
you can share this link with your friends
copy link veiw live


Join Discuss Share Question Share to WhatsApp
Question 22
A
government authorities  
B
price system  
C
banking system  
D
central planning bureau  
E
revenue allocation formula  
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
B

Join Discuss Share Question Share to WhatsApp
Question 23
A
demand and supply curve intersects in more than one point  
B
the excess in the market can be conveniently stored  
C
excess demand is positive  
D
demand and supply curves intersect  
E
excess demand is negative  
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
D

Join Discuss Share Question Share to WhatsApp
Question 24
A
the reduction in the power of sellers  
B
the enthronement of consumer sovereignty  
C
the dismantling of barriers to trade  
D
the perfectly elastic price for every transaction  
E
the intersection of demand and supply curves  
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
B

Join Discuss Share Question Share to WhatsApp
Question 25
A
market merger  
B
market segmentation  
C
demand elasticities  
D
product differentiation  
E
none of the above  
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
A

Join Discuss Share Question Share to WhatsApp
Question 26
A
limit consumer demand  
B
enable producers make profits  
C
allocate scarce resources among competing ends  
D
ensure consumer sovereignty  
E
achieve excess capacity  
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
C

Join Discuss Share Question Share to WhatsApp
Question 27
A
higher than the last price  
B
lower than the last price  
C
higher than the equilibrium price  
D
lower than the equilibrium price  
E
higher than the ceiling price  
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
D

Join Discuss Share Question Share to WhatsApp
Question 28
A
their factor prices are equal  
B
their marginal products are equal to the factor prices  
C
their marginal products are each equal to zero  
D
the ratios of their marginal product equals the ratio of their prices  
E
none of the above  
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
B

Join Discuss Share Question Share to WhatsApp
Question 29
A
how much of resources a society uses to produce a particular commodity  
B
the rate of inflation  
C
the rate of unemployment in an economy  
D
the various combinations of the commodities that can be produced  
E
all of the above  
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
D

Join Discuss Share Question Share to WhatsApp
Question 30
A
use of inferior inputs  
B
inefficiency  
C
improvement in production techniques and practices  
D
changes in the product mix  
E
changes in consumer taste  
Explanation.
Share Answer

No official Explanation yet!


Correct Option:
C

Previous Page Next Page
Question Map