Economics MCQ Questions and Solutions with Explanations | Commerce

A. (A) and (R) both are true

B. (A) is true, but (R) is false

C. (A) is false, but (R) is true

D. (A) and (R) both are false

A. Correct

B. Wrong

C. Uncertain

D. None of these

A. It is greater than 1

B. It is negative

C. It is a positive

D. They are both inferior goods

A. By levying tax per unit of production

B. By levying sales tax per unit

C. By levying profit tax

D. By imposing a price ceiling below the current equilibrium price

A. a-1, b-3, c-2, d-4

B. a-1, b-2, c-3, d-4

C. a-4, b-3, c-2, d-1

D. a-4, b-2, c-3, d-1

A. Perfectly elastic demand

B. Perfectly inelastic demand

C. Relatively inelastic demand

D. Relatively elastic demand

A. Monetary spread

B. Opportunities for the investors

C. Productivity

D. Savings

A. its lowest point

B. the left of the lowest point

C. right of the lowest point

D. All of the above

A. 8,500

B. 10,500

C. 11,000

D. 11,500

A. a movement up a given indifference curve

B. a movement down a given indifference curve

C. a movement from a lower to a higher indifference curve

D. a movement from a higher to a lower indifference curve