A) Downward to the left
B) Downward to the right
C) Upward to the left
D) Upward to the right
Lecturer Economics Past Papers 2011
The capital-output ratio is determined by?
A) Sectorala allocation of capital
B) Level of economic activity
C) Human and natural resources
D) All of these
Who coined the phrase ‘demonstration effect’?
A) Restow
B) G. Myrdal
C) James Duessenberry
D) R. Nurkse
Which of the following was given a central place by Schumpeter his theory of development?
A) Capital accumulation
B) Role of the govt.
C) Need for balanced growth
D) Role of innovations
Which of the following models makes the assumption of constant saving income ratio?
A) Kaldur model
B) Leontief model
C) Harrod domar model
D) John Robinson model
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In case of complementary goods ass indifference curve can be?
A) Convex
B) Concave
C) Straight line
D) L-Shaped
The law of diminishing marginal utility will be applicable If the good in use is?
A) Interior
B) Giffen
C) Superior
D) Same
According to Classical Theory utility?
A) Can not be expressed in number
B) Can be expressed in number
C) Can be tanked
D) None of these
In Cournot model each firm makes decisions regarding?
A) Price
B) Output
C) Cost
D) Advertisement
The situation of single buyer and single seller is called?
A) Monopoly
B) Multi plant monopolise
C) Bilateral monopoly
D) Price discrimination