Economics - Study Mode
[#571] Which of the following is not true for forecasting?
Correct Answer
(D) Short-range forecasts are less accurate than long-range forecasts
[#572] From the following two statements of Assertion (A) and Reason (R) , indicate the correct answer. Assertion (A) From the marginal costing approach point of view, the marginal cost is compared with the purchase price. Reason (R) If the marginal cost is less than the purchase price it should be purchased rather than manufactured.
Correct Answer
(D) Both (A) and (R) are incorrect
[#573] If the MRS xy (Marginal Substitution Rate) for consumer A is greater than that of MRS xy (Marginal Substitution Rate) of B, then profit for consumer A will be assuming that
Correct Answer
(D) Nothing can be said without additional information
[#574] Purchasing Power Parity theory was propounded by Gustav Cassele in year . . . . . . . .
Correct Answer
(A) 1922
[#575] When both the demand and the supply curves slope downwards and the demand curve is steeper than the supply curve, the equilibrium is
Correct Answer
(C) stable in the Marshallian sense but unstable in the Walrasian sense