Economics - Study Mode

[#596] The relationship between rate of inputs of productive services and the rate of output is known as:
Correct Answer

(A) Production function

[#597] Match List-I with List-II and select the correct answer. List-I List-II a. Offer curve 1. Market segmentation b. Laffer curve 2. Sticky price c. Lorenz curve 3. Reciprocal demand d. Kinked curve 4. Inequalities 5. Public revenue
Correct Answer

(B) a-3, b-5, c-4, d-2

[#598] The total effect of a price change of a commodity is
Correct Answer

(C) Substitution effect + income effect
(F) Substitution effect plus income effect

[#599] Malthusian theory of population is based on:
Correct Answer

(B) law of diminishing return as applied to agriculture

[#600] Income elasticity of demand for good 'X' is greater than zero but less than 1, so commodity 'X' is
Correct Answer

(A) An essential good