Economics - Study Mode
[#621] Whose view is that, "Economics is neutral between ends."
Correct Answer
(B) Robbins
[#622] GNP at market prices-Indirect taxes + subsidies is referred to as:
Correct Answer
(A) GNP at factor cost
[#623] A cost that remains constant per unit but changes with the volume of output is called
Correct Answer
(C) Variable cost
[#624] In international trade which of the following is a non-tariff trade barrier?
Correct Answer
(B) Import bans
[#625] The essence of the law of diminishing returns is
Correct Answer
(B) Negative marginal production