Economics - Study Mode

[#211] Match the following. List-I List-II a. Normal demand curve 1. Vertical straight line b. Income consumption curve 2. Downwards to the right c. Inelastic demand curve 3. Upwards to the right
Correct Answer

(A) a-2, b-3, c-1

[#212] The theory that supply creates its own demand and therefore full employment is natural situation is concerned with:
Correct Answer

(A) Say's law

[#213] If is impossible to earn economic rent for a component of production if it
Correct Answer

(A) Perfect inelastic demand

[#214] Entrepreneurship is the outcome of the socio-economic structure of a country. This is the statement
Correct Answer

(D) John Kunkel

[#215] Which of the following theories of labour welfare is based on 'Man's love for Mankind'?
Correct Answer

(D) Philanthropic theory