Economics - Study Mode

[#916] Income inequalities in a country can be measured by
Correct Answer

(D) All of the above

[#917] A total cost schedule can be derived from one information given in
Correct Answer

(C) an expansion path

[#918] "The law of diminishing return is merely a matter of logical necessity but the law of increasing return is a matter of empirical fact." The statement comes from
Correct Answer

(C) Joan Robinson

[#919] Which of the following equation is correct?
Correct Answer

(C) Price effect = Income effect + Substitution effect
(G) Net national product = total national product - Depreciation

[#920] If the marginal output is positive, total output will
Correct Answer

(A) increase