Economics - Study Mode
[#291] 'Reasoning from the general to the particular' in Economics is called:
Correct Answer
(A) deductive method
[#292] The main difference between positive economics and normative economics is that the former
Correct Answer
(B) concerns itself only with hypothesis which can generally be tested
[#293] Which one of the following is not an objective of the public sector in India?
Correct Answer
(A) To provide more economic power to the states
[#294] Under perfect competition market price can be influenced by-
Correct Answer
(C) neither sellers nor buyers
[#295] In the short-run firms, perfect competition will still be produced provided
Correct Answer
(B) The price covers the variable cost