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.Management Sciences
Category: Economics Mcqs
The theory of international exchange that holds that exchange rates adjust to offset differences in countries inflation rates in the ?
A. price feedback theory
B. trade feedback theory
C. J-curve theory
D. purchasing power parity theory
In pure monopoly, what is the relation between the price and the marginal revenue ?
A. the price is greater than the marginal revenue
B. the price is less than the marginal revenue
C. there is no relation
D. they are equal
Name the company in which the liability of the shareholders is limited to the amount of their shares ?
A. Limited company
B. Incorporation
C. Cooperative
D. Corporation
Agriculture in industrial nations is now based on_________________?
A. many small farmers
B. greater productivity of farms because of mechanization
C. increase in rural population
D. artificial food production
The value of plant and equipment worn out in the process of manufacturing goods and services is measured by ?
A. intermediate production
B. Net National Product
C. Investment
D. depreciation
E. consumption
If there is excess capacity in a production facility it is likely that the firm’s supply curve is ?
A. price inelastic
B. none of these
C. unit price elastic
D. price elastic
The amount that is paid for carriage of goods by chips, railways, airways etc is called ?
A. Hire and Fire
B. Rent
C. Transportation Changes
D. Freight
If the countries were to trade along the lines of absolute advantage ?
A. A would export X to B
B. B would import Y from A
C. Neither country would want to trade
D. None of the above
Injections are?
A. Assumed to be exogenous
B. Assumed to be a function of national income
C. Decrease aggregate demand
D. Decrease the investment into an economy
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