| 61 |
At a price above the equilibrium price there is: |
Economics/Business Economics
Market equilibrium |
Easy |
| 62 |
If demand for a good increases while supply is unchanged, the equilibrium: |
Economics/Business Economics
Market equilibrium |
Easy |
| 63 |
Market demand is qd = 200 − p and market supply is qs = 120 + p. Find the equilibrium price and quantity. |
Economics/Business Economics
Market equilibrium |
Medium |
| 64 |
Demand and supply of a good both increase by the same amount. The equilibrium: |
Economics/Business Economics
Market equilibrium |
Medium |
| 65 |
In a perfectly competitive industry with free entry and exit, identical firms have minimum AC of ₹10. If mark… |
Economics/Business Economics
Market equilibrium |
Hard |
| 66 |
A price ceiling is: |
Economics/Business Economics
Price ceiling and price floor |
Easy |
| 67 |
The minimum support price announced for wheat is an example of: |
Economics/Business Economics
Price ceiling and price floor |
Easy |
| 68 |
Demand is qd = 100 − 2p and supply is qs = 20 + 2p. If the government fixes a ceiling price of ₹15, what is t… |
Economics/Business Economics
Price ceiling and price floor |
Medium |
| 69 |
A likely result of a binding price ceiling on an essential good is: |
Economics/Business Economics
Price ceiling and price floor |
Medium |
| 70 |
The government fixes a minimum wage above the equilibrium wage in a competitive labour market. The direct res… |
Economics/Business Economics
Price ceiling and price floor |
Hard |
| 71 |
Which of the following is a stock variable? |
Economics/Business Economics
Basic concepts of macroeconomics |
Easy |
| 72 |
Wheat bought by a flour mill to grind into flour is best classified as: |
Economics/Business Economics
Basic concepts of macroeconomics |
Easy |
| 73 |
Gross investment in an economy is ₹500 crore and depreciation is ₹80 crore. What is net investment? |
Economics/Business Economics
Basic concepts of macroeconomics |
Medium |
| 74 |
Why is a machine bought by a textile firm treated as a final good and not as an intermediate good? |
Economics/Business Economics
Basic concepts of macroeconomics |
Medium |
| 75 |
An economy's capital stock was ₹1,000 crore at the start of a year. During the year, gross investment was ₹15… |
Economics/Business Economics
Basic concepts of macroeconomics |
Hard |
| 76 |
In the two-sector circular flow, which flow moves from households to firms? |
Economics/Business Economics
Circular flow of income |
Easy |
| 77 |
Which of the following is an injection into the circular flow of income? |
Economics/Business Economics
Circular flow of income |
Easy |
| 78 |
In the circular flow, the money flow and the real flow: |
Economics/Business Economics
Circular flow of income |
Medium |
| 79 |
Why are production, income and expenditure equal in a simple two-sector economy with no saving? |
Economics/Business Economics
Circular flow of income |
Medium |
| 80 |
In a two-sector economy, households save part of their income but planned investment by firms is less than th… |
Economics/Business Economics
Circular flow of income |
Hard |