Economics Questions MCQs
Total Questions : 406
Page 1 of 21 pages- On a linear demand curve, all the five forms of elasticity can be depicted
- If two demand curves are linear and intersecting each other, then, coefficient of elasticity would be same on different demand curves at the point of intersection.
- If two demand curves are linear and parallel to each other, then, at a particular price, the coefficient of elasticity would be different on different demand curves.
- The price elasticity of demand is expressed in terms of relaive not absolute changes in Price and Quantity demanded.
Answer: Option C
- Floating exchange rate system works on the market mechanism
- Floating exchange rate breeds uncertainties and speculation
- Economic and political factors and value judgement influence the choice of the exchange rate system
- The system of floating exchange rate requires comprehensive government intervention
Answer: Option D
- Welfare economics is based on value judgements
- Welfare economics is also called 'economics with a heart'
- Welfare economics focuses on questions about equity as well as efficiency
- The founder of Welfare economics was Alfred Marshall
Answer: Option D
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