41.
The first industrial revolution laid the foundation of
A
Capitalist economy
B
Socialist economy
C
Mixed economy
D
None of these
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The first industrial revolution laid the foundation of
Capitalist economy
Socialist economy
Mixed economy
None of these
The law of Returns to scale applies to
The short run, but not the long run
The long run, but not the short run
Both the short run and the long run
Neither the short run nor the long run
The long run, as economists use the phrase, is characterized by
At least one fixed factor of production.
The law of variable proportions
The law of Returns to scale
All inputs being fixed
The mode of presentation of data are
Textual, tabulation & diagrammatic
Tabular, Internal & External
Textual, tabular & internal
Tabular, textual & external
The National Population Policy (NPP) 2000 set long term objective of achieving a stable population by
2045
2020
2030
2025
The number of observations falling within a Class is called
density
frequency
both
none
The primary data are collected by
Interview method
Observation method
Questionnaire method
All of these
The rising part of the LAC curve is due to which of the following?
Economies of scale
Diminishing returns
The coordination problems in firm
Diseconomies of scale
The unit of measurement in tabulation is shown in
Box head
Body
Caption
stub
To economists, the common thing between the short run and the long is that
In both, capital is fixed
In both, labor is variable
In both, production is absent
None of above
Total Product, Marginal Product & Average Product for 1st unit of labor aree
Identical
Different
Unable to be determined
None of above
Uncommon thing between law of variable proportions & returns to scale is
Increasing Returns
Decreasing Returns
Constant Returns
None of above
Under a Command economy
State plays a major role
Market plays major role
Both a & b
Neither a nor b
When marginal product (MP) & average product (AP) both falls
AP lies below MP
AP & MP intersect
MP Lies below AP
None of above
When the price of a complementary of commodity X falls, the demand for X
Falls
Rises
Remains unchanged
Any of the above
which method of data collection covers the widest area?
Telephone Interview
Mailed Questionnaire
Direct Interview
All of these
Which of the following does not have non linear shape?
Total cost curve
Total Variable cost curve
Total fixed cost curve
None of above
Which of the following is an example of external diseconomies?
Lower salary of firm
Higher salary of firm
Tax exemption by Govt.
High Tax Govt. Policy
Which of the following is an example of External economies?
Low salary of firm
tax exemption for industry
High tax for industry
Labour – management disputes of firm
Which of the following is an example of internal diseconomies?
High salary of firm
High tax for industry
Low tax for industry
Labour – management disputes in firm