Jun
11
Which one of the following terms is used in Economics to denote a technique for avoiding a risk by making a counteracting transaction?
(a) Dumping(b) Hedging(c) Discounting(d) Deflating
Tag: Economics
Jun
11
An exceptional demand curve is one that slopes
(a) downward to the right(b) upward to the right(c) horizontally(d) upward to the left
Jun
11
If the average total cost is declining then
(a) the marginal cost must be less than the average total cost(b) total cost must be constant(c) the average fixed cost curve must be above the average variable costcurve(d) the marginal cost must be greater than the average total cost
Jun
11
Demand for a commodity refers to
(a) Desire for that commodity(b) Need for that commodity(c) Quantity demanded of that commodity(d) Quantity demanded at a certain price during any particular period of time
Jun
11
The average fixed cost curve will always be
(a) a rectangular hyperbola(b) a downward sloping convex to the origin curve(c) a downward sloping straight line(d) a U-shaped curve
Jun
11
The income elasticity of demand for inferior goods is
(a) less than one(b) less than zero(c) equal to one(d) greater than one
Jun
11
Brent index is associated with
(a) crude oil prices(b) copper future prices(c) gold future prices(d) shipping rate index
Jun
11
Which one among the following is a fixed cost to a manufacturing firm in the short run?
(a) Insurance on buildings(b) Overtime payment to worker(c) Cost of energy(d) Cost of raw materials
Jun
11
What is meant by ‘Public Good’?
(a) A commodity produced by the Government(b) A commodity whose benefits are indivisibly spread among the entire community(c) A Government scheme that benefits the poor households(d) Any commodity that is very popular among the general public
Jun
11
Which of the following is not a ‘Public Good’?
(a) Electricity(b) National Defence(c) Light House(d) Public Parks