Micro PYQ — Page 19

How will the earthquake in Turkey affect the production possibility curve of their economy?

Match List - I with List - II. | List - I | List - II | |---|---| | (A) Indifference curve | (I) Shows various combination of two goods that give the same utility to the consumer | | (B) Production possibility curve | (II) Shows various combination of two goods that can be produced by an economy | | (C) Budget line | (III) Shows various combination of two goods that can be purchased by the consumer | | (D) Demand curve | (IV) Shows inverse relationship between price of the given commodity & its quantity demanded | Choose the correct answer from the options given below :

A good that is considered to be inferior to a consumer, may be observed as normal good to the another consumer. This is due to

Identify the impact of unemployment on PPC (Production Possibility Curve).

"An enquiry into the nature and cause of the wealth of Nations" is authored by :

Distribution of output relates to which central problem of an Economy ?

Which of the following inequality represents the consumer's budget constraint ?

Savita consumes 2 goods X and Y. If marginal utility of X is 30 utils and that of Y is 45 utils. Prices of both goods X and Y are Rs. 3 and Rs. 5 respectively. Savita will consume ________.

Increase in demand refers to :

In a market Economy; prices are determined by :

For a given demand function Y = 50 - 2P, the quantity demanded at P = Rs. 20 is :

In the Linear Demand Curve AB, the elasticity of demand ($e_D$) at point D can be measured geometrically by the formula __________. 

Identify normative statements from the following : (A) India has a high population (B) India should keep a control on population growth rate (C) High population hampers growth of any country (D) India should have more equitable distribution Choose the correct answer from the options given below :

An explanation for a downward sloping demand curve rests on the notion of :

A Consumer's total utility level being the same, the amount of good 'X' that the consumer has to forego, in order to get an additional unit of good Y is termed as :

If ratio between the change in price & change in quantity demanded is 0.25. The consumer demands 100 units at an initial price of Rs 10 per unit. Calculate the price elasticity of demand.

Which of the following statements correctly describes the nature of indifference curve ? (A) Indifference curve slopes downwards from left to right (B) A lower indifference curve represents lower cost to consumer (C) A higher indifference curve gives higher level of satisfaction (D) Two indifference curves never intersect each other (E) Indifference curves are always parallel to each other Choose the correct answer from the options given below :

Which of the following is not correct statement ?

Which central problem deals with choice of technology to be used for production ?

Arrange the following of elasticities of demand in increasing order as per geometric method. A. Mid-Point of the demand curve B. Intercept on Y-axis C. Between Mid-Point and intercept on X-axis D. Between Mid-Point and intercept on Y-axis E. Intercept on X-axis Choose the correct answer from the options given below:

Which of the main factor is responsible to create economic problems in society?

Which of the following is not a central problem of an economy?

Which of the following is studied under micro economics?

Match List I with List II | List I: Economic issue | List II: Refers to | | --- | --- | | A. Scarcity | I. Based on facts | | B. Normative statement | II. Central problem of an economy | | C. Positive statement | III. Problem of choice | | D. What to produce | IV. Based on value judgment | Choose the correct answer from the options given below: