Economics MCQ Questions and Solutions with Explanations | Commerce

A. J. K. Mehta

B. Cooley and Hoover

C. Seligman

D. Malthus

A. $$\frac{{\Delta q}}{{\Delta y}} \times \frac{y}{q}$$

B. $$\frac{{\Delta q}}{{\Delta y}} \times \frac{q}{y}$$

C. $$\frac{{\Delta y}}{{\Delta q}} \times \frac{y}{q}$$

D. $$\frac{{\Delta y}}{{\Delta q}} \times \frac{q}{y}$$

A. Square foot

B. Square metre

C. Square inch

D. Square kilometre

A. (ii) and (iii)

B. (i) only

C. (iii) only

D. (i) and (ii)

A. Positive

B. Negative

C. Zero

D. None of these

A. deductive method

B. inductive method

C. experimental method

D. None of the above

A. discusses the ethical implications of its laws

B. concerns itself only with hypothesis which can generally be tested

C. is based on the value judgements of economists

D. considered carefully the political significance of its laws for a democratic society

A. To provide more economic power to the states

B. Providing public service

C. Removal of regional disparities

D. Providing the basis for industrialization

A. one single seller

B. one single buyer

C. neither sellers nor buyers

D. both buyers and sellers

A. The price cover averages the variable cost

B. The price covers the variable cost

C. The price cover averages fixed cost

D. The price covers fixed costs