1868 + Interview Questions in Economics Page 31 InterviewSolution

1501.	Record the daily expenditure, quantities bought and prices paid per unit of the daily purchases of your family for two weeks. How has the price change affected your family?
Answer» Record the daily expenditure, quantities bought and prices paid per unit of the daily purchases of your family for two weeks. How has the price change affected your family?

Discussion

1502.	The underlined sentence in the first paragraph implies that
Answer» The underlined sentence in the first paragraph implies that

Discussion

1503.	Draw total variable cost, total cost and total fixed cost curves in a single diagram, and explain the figure.
Answer» Draw total variable cost, total cost and total fixed cost curves in a single diagram, and explain the figure.

Discussion

1504.	While taking economic decisions, we should take into account ___
Answer» While taking economic decisions, we should take into account ___

Discussion

1505.	Market equilibrium refers to a situation in which market price
Answer» Market equilibrium refers to a situation in which market price

Discussion

1506.	The Stolper – Samuelson theorem postulates that the imposition of a tariff by a nation causes the real income of the nation’s –
Answer» The Stolper – Samuelson theorem postulates that the imposition of a tariff by a nation causes the real income of the nation’s –

Discussion

1507.	Which was the primary export destination of India under the colonial rule?
Answer» Which was the primary export destination of India under the colonial rule?

Discussion

1508.	Why does the difference between average total cost and average variable cost decrease as the output is increased? Can these two be equal at any level of output? Explain.
Answer» Why does the difference between average total cost and average variable cost decrease as the output is increased? Can these two be equal at any level of output? Explain.

Discussion

1509.	At the efficient scale of production, the long run ATC is Rs 20 and the output is Q. How much would a firm supply if the market price is Rs 10?
Answer» At the efficient scale of production, the long run ATC is Rs 20 and the output is Q. How much would a firm supply if the market price is Rs 10?

Discussion

1510.	Casual workers are covered under?
Answer» Casual workers are covered under?

Discussion

1511.	The establishment of the US Federal Reserve is an example of which of the following aspects of the standard model?
Answer» The establishment of the US Federal Reserve is an example of which of the following aspects of the standard model?

Discussion

1512.	What does participation rate measure?
Answer» What does participation rate measure?

Discussion

1513.	Price elasticity of demand for a good is -0.75. Calculate the percentage fall in its price that will result in a 15 per cent rise in its demand.
Answer» Price elasticity of demand for a good is -0.75. Calculate the percentage fall in its price that will result in a 15 per cent rise in its demand.

Discussion

1514.	a. Arrange the following coefficients of price elasticity of demand in ascending order: -0.87, -0.53, -3.1, -0.80 b. Comment upon the degree of elasticity of demand for commodity X, if the price of the commodity falls from Rs 28 per unit to Rs 23 per unit and its quantity demanded rises from 50 units to 100 units.
Answer» a. Arrange the following coefficients of price elasticity of demand in ascending order: -0.87, -0.53, -3.1, -0.80 b. Comment upon the degree of elasticity of demand for commodity X, if the price of the commodity falls from Rs 28 per unit to Rs 23 per unit and its quantity demanded rises from 50 units to 100 units.

1514.

a. Arrange the following coefficients of price elasticity of demand in ascending order: -0.87, -0.53, -3.1, -0.80 b. Comment upon the degree of elasticity of demand for commodity X, if the price of the commodity falls from Rs 28 per unit to Rs 23 per unit and its quantity demanded rises from 50 units to 100 units.

Answer»

a. Arrange the following coefficients of price elasticity of demand in ascending order:
-0.87, -0.53, -3.1, -0.80

b. Comment upon the degree of elasticity of demand for commodity X, if the price of the commodity falls from Rs 28 per unit to Rs 23 per unit and its quantity demanded rises from 50 units to 100 units.

Discussion

1515.	Which is the regulatory authority in the securities market to protect the interest of investors?
Answer» Which is the regulatory authority in the securities market to protect the interest of investors?

Discussion

1516.	A wholesaler provides services to both manufactures and retailers.State two services towards each group.
Answer» A wholesaler provides services to both manufactures and retailers.State two services towards each group.

Discussion

1517.	Evaluate the need for outsourcing and discuss its limitations.
Answer» Evaluate the need for outsourcing and discuss its limitations.

Discussion

1518.	Persons in rural areas need long-term loans for:
Answer» Persons in rural areas need long-term loans for:

Discussion

1519.	A firm earns a revenue of Rs. 50 when the market price of a good is Rs. 10. The market price increases to Rs. 15 and the firm now earns a revenue of Rs. 150. What is the price elasticity of the firm's supply curve?
Answer» A firm earns a revenue of Rs. 50 when the market price of a good is Rs. 10. The market price increases to Rs. 15 and the firm now earns a revenue of Rs. 150. What is the price elasticity of the firm's supply curve?

Discussion

1520.	a. Arrange the following coefficients of price elasticity of demand in ascending order: -0.7, -0.3, -1.1, -0.8 b. Comment upon the degree of elasticity of demand for Good X, using the total outlay method, if the price of X falls from Rs 18 per unit to Rs 13 per unit and its quantity demanded rises from 50 units to 100 units.
Answer» a. Arrange the following coefficients of price elasticity of demand in ascending order: -0.7, -0.3, -1.1, -0.8 b. Comment upon the degree of elasticity of demand for Good X, using the total outlay method, if the price of X falls from Rs 18 per unit to Rs 13 per unit and its quantity demanded rises from 50 units to 100 units.

1520.

a. Arrange the following coefficients of price elasticity of demand in ascending order: -0.7, -0.3, -1.1, -0.8 b. Comment upon the degree of elasticity of demand for Good X, using the total outlay method, if the price of X falls from Rs 18 per unit to Rs 13 per unit and its quantity demanded rises from 50 units to 100 units.

Answer»

a. Arrange the following coefficients of price elasticity of demand in ascending order: -0.7, -0.3, -1.1, -0.8

b. Comment upon the degree of elasticity of demand for Good X, using the total outlay method, if the price of X falls from Rs 18 per unit to Rs 13 per unit and its quantity demanded rises from 50 units to 100 units.

Discussion

1521.	Give any two problems faced by SSI.
Answer» Give any two problems faced by SSI.

Discussion

1522.	State six factors that can cause and 'increase' in demand of a commodity.
Answer» State six factors that can cause and 'increase' in demand of a commodity.

Discussion

1523.	What are anti-trust legislations?
Answer» What are anti-trust legislations?

Discussion

1524.	How was western Europe able to catch up with Britain?
Answer» How was western Europe able to catch up with Britain?

Discussion

1525.	How does the government maintain a regional balance in the country?
Answer» How does the government maintain a regional balance in the country?

Discussion

1526.	Which of the following can you classify as man-made, natural disasters?
Answer» Which of the following can you classify as man-made, natural disasters?

Discussion

1527.	Human Capital
Answer» Human Capital

Discussion

1528.	According to a recent government directive, all bank branches in rural areas should be computerized. Which of the following statements would weaken the government's argument?
Answer» According to a recent government directive, all bank branches in rural areas should be computerized. Which of the following statements would weaken the government's argument?

1528.

According to a recent government directive, all bank branches in rural areas should be computerized. Which of the following statements would weaken the government's argument?

Answer»

According to a recent government directive, all bank branches in rural areas should be computerized.

Which of the following statements would weaken the government's argument?

Discussion

1529.	A rise in supply and demand in equal proportion will result in:
Answer» A rise in supply and demand in equal proportion will result in:

Discussion

1530.	Relations between the factory and the dealer are distant and usually strained as the factory tries to force cars on the dealers to smooth out production. Relations between the dealer and the customer are equally strained because dealers continuously adjust prices œ make deals œ to adjust demand with supply while maximizing profits. This becomes a system marked by a lack of long-term commitment on either side, which maximizes feelings of mistrust. In order to maximize their bargaining positions, everyone holds back information œ the dealer about the product and the consumer about his true desires.
Answer» Relations between the factory and the dealer are distant and usually strained as the factory tries to force cars on the dealers to smooth out production. Relations between the dealer and the customer are equally strained because dealers continuously adjust prices œ make deals œ to adjust demand with supply while maximizing profits. This becomes a system marked by a lack of long-term commitment on either side, which maximizes feelings of mistrust. In order to maximize their bargaining positions, everyone holds back information œ the dealer about the product and the consumer about his true desires.

Discussion

1531.	Vysakh sells 200 samosas at Rs 20 per samosa. His total revenue is ___
Answer» Vysakh sells 200 samosas at Rs 20 per samosa. His total revenue is ___

Discussion

1532.	Value of cos350cos450 is
Answer» Value of cos35⁰cos45⁰ is

Discussion

1533.	A vector A points towards east and vector B points north then A x B points
Answer» A vector A points towards east and vector B points north then A x B points

Discussion

1534.	Statement: Should government service in rural areas atleast for two years after completion of graduation be made compulsory for the students of medicine? Arguments: I. Yes, it is everyone`s duty to serve the people in rural areas and contribute to their upliftment. II. No, it cannot be applied only to the medicine students; always they are contributing during their studies and particularly in the period of internship.
Answer» Statement: Should government service in rural areas atleast for two years after completion of graduation be made compulsory for the students of medicine? Arguments: I. Yes, it is everyone`s duty to serve the people in rural areas and contribute to their upliftment. II. No, it cannot be applied only to the medicine students; always they are contributing during their studies and particularly in the period of internship.

1534.

Statement: Should government service in rural areas atleast for two years after completion of graduation be made compulsory for the students of medicine? Arguments: I. Yes, it is everyone`s duty to serve the people in rural areas and contribute to their upliftment. II. No, it cannot be applied only to the medicine students; always they are contributing during their studies and particularly in the period of internship.

Answer»

Statement: Should government service in rural areas atleast for two years after completion of graduation be made compulsory for the students of medicine?

Arguments:

I. Yes, it is everyone`s duty to serve the people in rural areas and contribute to their upliftment.

II. No, it cannot be applied only to the medicine students; always they are contributing during their studies and particularly in the period of internship.

Discussion

1535.	What gives rise to an economic problem?
Answer» What gives rise to an economic problem?

Discussion

1536.	Which scheme was started in 1993 to create self-employment opportunities for educated unemployed youth in rural areas and small towns?
Answer» Which scheme was started in 1993 to create self-employment opportunities for educated unemployed youth in rural areas and small towns?

Discussion

1537.	Experts please can I get a help for my economics project . Topics are - 1) make a list of products for weight you think demand in price inelastic and price elastic . Specifying the reason you may think relevant for your analysis. 2) Develop a hypothetical table at information for coffee that shows quantity demanded at various price and supply of coffee at this price . Draw a demand curve and supply curve and show and equilibrium price at which market is cleared of its supply.
Answer» Experts please can I get a help for my economics project . Topics are - 1) make a list of products for weight you think demand in price inelastic and price elastic . Specifying the reason you may think relevant for your analysis. 2) Develop a hypothetical table at information for coffee that shows quantity demanded at various price and supply of coffee at this price . Draw a demand curve and supply curve and show and equilibrium price at which market is cleared of its supply.

1537.

Experts please can I get a help for my economics project . Topics are - 1) make a list of products for weight you think demand in price inelastic and price elastic . Specifying the reason you may think relevant for your analysis. 2) Develop a hypothetical table at information for coffee that shows quantity demanded at various price and supply of coffee at this price . Draw a demand curve and supply curve and show and equilibrium price at which market is cleared of its supply.

Answer»

Experts please can I get a help for my economics project .

Topics are -

1) make a list of products for weight you think demand in price inelastic and price elastic . Specifying the reason you may think relevant for your analysis.

2) Develop a hypothetical table at information for coffee that shows quantity demanded at various price and supply of coffee at this price . Draw a demand curve and supply curve and show and equilibrium price at which market is cleared of its supply.

Discussion

1538.	Which of the following is correct with respect to resources:
Answer» Which of the following is correct with respect to resources:

Discussion

1539.	Which of the following is not the measurement of price elasticity of demand?
Answer» Which of the following is not the measurement of price elasticity of demand?

Discussion

1540.	When the total revenue is maximum, the marginal revenue is ___
Answer» When the total revenue is maximum, the marginal revenue is ___

Discussion

1541.	Define Marginal Opportunity Cost. Explain the concept with a hypothetical numerical example
Answer» Define Marginal Opportunity Cost. Explain the concept with a hypothetical numerical example

Discussion

1542.	A consumer consumes only two goods X and Y, and is in equilibrium. Show that when the price of good X rises, the consumer buys less of good X. Use the utility analysis.
Answer» A consumer consumes only two goods X and Y, and is in equilibrium. Show that when the price of good X rises, the consumer buys less of good X. Use the utility analysis.

Discussion

1543.	How are the equilibrium price and quantity affected when demand and supply curves shift in the opposite direction?
Answer» How are the equilibrium price and quantity affected when demand and supply curves shift in the opposite direction?

Discussion

1544.	Starters and desserts are more expensive in restaurants because
Answer» Starters and desserts are more expensive in restaurants because

Discussion

1545.	In which of these sectors is infrastructure relatively less important in a low-income country?
Answer» In which of these sectors is infrastructure relatively less important in a low-income country?

Discussion

1546.	Discuss the salient aspects of B2C commerce.
Answer» Discuss the salient aspects of B2C commerce.

Discussion

1547.	Define fixed cost.
Answer» Define fixed cost.

Discussion

1548.	Jute is mainly composed of
Answer» Jute is mainly composed of

Discussion

1549.	Which of the following is an important function of the environment?
Answer» Which of the following is an important function of the environment?

Discussion

1550.	Which of the following were in the aims behind the setting up of the World Trade Organization (WTO)? Codes :
Answer» Which of the following were in the aims behind the setting up of the World Trade Organization (WTO)? Codes :

1550.

Which of the following were in the aims behind the setting up of the World Trade Organization (WTO)? Codes :

Answer»

Which of the following were in the aims behind the setting up of the World Trade Organization (WTO)?

Codes :

Discussion

Explore topic-wise InterviewSolutions in .

Record the daily expenditure, quantities bought and prices paid per unit of the daily purchases of your family for two weeks. How has the price change affected your family?

The underlined sentence in the first paragraph implies that

Draw total variable cost, total cost and total fixed cost curves in a single diagram, and explain the figure.

While taking economic decisions, we should take into account ___

Market equilibrium refers to a situation in which market price

The Stolper – Samuelson theorem postulates that the imposition of a tariff by a nation causes the real income of the nation’s –

Which was the primary export destination of India under the colonial rule?

Why does the difference between average total cost and average variable cost decrease as the output is increased? Can these two be equal at any level of output? Explain.

At the efficient scale of production, the long run ATC is Rs 20 and the output is Q. How much would a firm supply if the market price is Rs 10?

Casual workers are covered under?

The establishment of the US Federal Reserve is an example of which of the following aspects of the standard model?

What does participation rate measure?

Price elasticity of demand for a good is -0.75. Calculate the percentage fall in its price that will result in a 15 per cent rise in its demand.

Which is the regulatory authority in the securities market to protect the interest of investors?

A wholesaler provides services to both manufactures and retailers.State two services towards each group.

Evaluate the need for outsourcing and discuss its limitations.

Persons in rural areas need long-term loans for:

A firm earns a revenue of Rs. 50 when the market price of a good is Rs. 10. The market price increases to Rs. 15 and the firm now earns a revenue of Rs. 150. What is the price elasticity of the firm's supply curve?

Give any two problems faced by SSI.

State six factors that can cause and 'increase' in demand of a commodity.

What are anti-trust legislations?

How was western Europe able to catch up with Britain?

How does the government maintain a regional balance in the country?

Which of the following can you classify as man-made, natural disasters?

Human Capital

According to a recent government directive, all bank branches in rural areas should be computerized. Which of the following statements would weaken the government's argument?

A rise in supply and demand in equal proportion will result in:

Vysakh sells 200 samosas at Rs 20 per samosa. His total revenue is ___

Value of cos350cos450 is

A vector A points towards east and vector B points north then A x B points

What gives rise to an economic problem?

Which scheme was started in 1993 to create self-employment opportunities for educated unemployed youth in rural areas and small towns?

Which of the following is correct with respect to resources:

Which of the following is not the measurement of price elasticity of demand?

When the total revenue is maximum, the marginal revenue is ___

Define Marginal Opportunity Cost. Explain the concept with a hypothetical numerical example

A consumer consumes only two goods X and Y, and is in equilibrium. Show that when the price of good X rises, the consumer buys less of good X. Use the utility analysis.

How are the equilibrium price and quantity affected when demand and supply curves shift in the opposite direction?

Starters and desserts are more expensive in restaurants because

In which of these sectors is infrastructure relatively less important in a low-income country?

Discuss the salient aspects of B2C commerce.

Define fixed cost.

Jute is mainly composed of

Which of the following is an important function of the environment?

Which of the following were in the aims behind the setting up of the World Trade Organization (WTO)? Codes :