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This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your Class 11 knowledge and support exam preparation. Choose a topic below to get started.
| 6351. |
Under which market form a firm's MR is always equal to price. |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :Under Perefect <a href="https://interviewquestions.tuteehub.com/tag/competition-423521" style="font-weight:bold;" target="_blank" title="Click to know more about COMPETITION">COMPETITION</a>.</body></html> | |
| 6352. |
Distinguish between expansion in demand and increase in demand OR Distinguish between 'decrease in demand' and increase in quantity demanded of a commodity. |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :(i) When the quantity demanded rises due to a decrease in own price of the commodity, keeping other factors constant, it is known as expansion of demand whereas when the quantity demanded rises due to a change in other facotrs other than own price of the commodity it is known as <a href="https://interviewquestions.tuteehub.com/tag/increase-1040383" style="font-weight:bold;" target="_blank" title="Click to know more about INCREASE">INCREASE</a> in Demand. <br/>(ii) In expansion of demand, there is a downward <a href="https://interviewquestions.tuteehub.com/tag/movement-1104563" style="font-weight:bold;" target="_blank" title="Click to know more about MOVEMENT">MOVEMENT</a> along the same demand curve whereas the demand curve shifts rightwards in case of Increase in Demand. <br/>(iii) Expansion in demand is caused by a change in price of the commodity where as Increase in Demand is caused by a change in other factors such as increase in price of substitues, increase in income in case of normal goods etc.</body></html> | |
| 6353. |
Give one reason for "decrease" in supply of a commodity. |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> : <a href="https://interviewquestions.tuteehub.com/tag/increase-1040383" style="font-weight:bold;" target="_blank" title="Click to know more about INCREASE">INCREASE</a> in price of inputs is <a href="https://interviewquestions.tuteehub.com/tag/one-585732" style="font-weight:bold;" target="_blank" title="Click to know more about ONE">ONE</a> of the reasons which will <a href="https://interviewquestions.tuteehub.com/tag/decrease-946104" style="font-weight:bold;" target="_blank" title="Click to know more about DECREASE">DECREASE</a> the supply of the commodity because of the reduced profit margin on that <a href="https://interviewquestions.tuteehub.com/tag/good-1009017" style="font-weight:bold;" target="_blank" title="Click to know more about GOOD">GOOD</a>.</body></html> | |
| 6354. |
Explain the concept of 'selling cost' under monopolistic competition. |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :In <a href="https://interviewquestions.tuteehub.com/tag/monopolistic-2180801" style="font-weight:bold;" target="_blank" title="Click to know more about MONOPOLISTIC">MONOPOLISTIC</a> competition, each firm tries to promote its sales through advertisement. Such a sales promotion <a href="https://interviewquestions.tuteehub.com/tag/expenditure-980222" style="font-weight:bold;" target="_blank" title="Click to know more about EXPENDITURE">EXPENDITURE</a> is known as selling costs. It <a href="https://interviewquestions.tuteehub.com/tag/involves-519086" style="font-weight:bold;" target="_blank" title="Click to know more about INVOLVES">INVOLVES</a> all the advertising techniques like publicity through newspapers, magazine, television and othe media. Such costs create more demand, by persuading a buyer to buy the product.</body></html> | |
| 6355. |
When TR is maximum : |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/ar-380980" style="font-weight:bold;" target="_blank" title="Click to know more about AR">AR</a> is <a href="https://interviewquestions.tuteehub.com/tag/maximum-556915" style="font-weight:bold;" target="_blank" title="Click to know more about MAXIMUM">MAXIMUM</a> <br/><a href="https://interviewquestions.tuteehub.com/tag/mr-549185" style="font-weight:bold;" target="_blank" title="Click to know more about MR">MR</a> is maximum <br/>AR is <a href="https://interviewquestions.tuteehub.com/tag/zero-751093" style="font-weight:bold;" target="_blank" title="Click to know more about ZERO">ZERO</a> <br/>MR is zero </p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :D</body></html> | |
| 6356. |
……………………. Data are collected from the published or unpublished reports. (Primary/Secondary) |
| Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<a href="https://interviewquestions.tuteehub.com/tag/secondary-638692" style="font-weight:bold;" target="_blank" title="Click to know more about SECONDARY">SECONDARY</a></body></html> | |
| 6357. |
A rational producer always aims to operate in _______ of Law of Variable Proportions: |
| Answer» <html><body><p>`1^(st)` Phase (<a href="https://interviewquestions.tuteehub.com/tag/increasing-1040633" style="font-weight:bold;" target="_blank" title="Click to know more about INCREASING">INCREASING</a> returns to a factor)<br/>`<a href="https://interviewquestions.tuteehub.com/tag/2-283658" style="font-weight:bold;" target="_blank" title="Click to know more about 2">2</a>^(<a href="https://interviewquestions.tuteehub.com/tag/nd-576191" style="font-weight:bold;" target="_blank" title="Click to know more about ND">ND</a>)` Phase (<a href="https://interviewquestions.tuteehub.com/tag/diminishing-2044202" style="font-weight:bold;" target="_blank" title="Click to know more about DIMINISHING">DIMINISHING</a> returns to a factor)<br/>`<a href="https://interviewquestions.tuteehub.com/tag/3-301577" style="font-weight:bold;" target="_blank" title="Click to know more about 3">3</a>^(rd)` Phase (Negative returns to a factor)<br/>Either `1^(st)` Phase or `2^(nd)` Phase</p>Answer :B</body></html> | |
| 6358. |
What will be the effect on equilibrium price and equilibrium quantity of telephone instruments, ifChina exports a large number of telephone Instruments to India. |
| Answer» <html><body><p></p>Solution :Equilibrium price will <a href="https://interviewquestions.tuteehub.com/tag/fall-983217" style="font-weight:bold;" target="_blank" title="Click to know more about FALL">FALL</a> and equilibrium quantity <a href="https://interviewquestions.tuteehub.com/tag/wiii-3870185" style="font-weight:bold;" target="_blank" title="Click to know more about WIII">WIII</a> <a href="https://interviewquestions.tuteehub.com/tag/rise-1189674" style="font-weight:bold;" target="_blank" title="Click to know more about RISE">RISE</a> (<a href="https://interviewquestions.tuteehub.com/tag/due-433472" style="font-weight:bold;" target="_blank" title="Click to know more about DUE">DUE</a> to <a href="https://interviewquestions.tuteehub.com/tag/increase-1040383" style="font-weight:bold;" target="_blank" title="Click to know more about INCREASE">INCREASE</a> In supply).</body></html> | |
| 6359. |
Define correlation . |
| Answer» <html><body><p></p>Solution :<a href="https://interviewquestions.tuteehub.com/tag/correlation-935534" style="font-weight:bold;" target="_blank" title="Click to know more about CORRELATION">CORRELATION</a> is a statistical method or a statistical technique that measures quantitative <a href="https://interviewquestions.tuteehub.com/tag/relationship-1183331" style="font-weight:bold;" target="_blank" title="Click to know more about RELATIONSHIP">RELATIONSHIP</a> between different <a href="https://interviewquestions.tuteehub.com/tag/variables-11302" style="font-weight:bold;" target="_blank" title="Click to know more about VARIABLES">VARIABLES</a>, like between price and demand.</body></html> | |
| 6360. |
Which of these is the merit of standard deviation? |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/standard-632909" style="font-weight:bold;" target="_blank" title="Click to know more about STANDARD">STANDARD</a> deviation is based on all values of the series <br/>Standard deviation shows little effect of changes in the sample <br/>In the <a href="https://interviewquestions.tuteehub.com/tag/estimation-25703" style="font-weight:bold;" target="_blank" title="Click to know more about ESTIMATION">ESTIMATION</a> of standard deviation, more <a href="https://interviewquestions.tuteehub.com/tag/importance-1038031" style="font-weight:bold;" target="_blank" title="Click to know more about IMPORTANCE">IMPORTANCE</a> is given to difficult and extreme value <br/>Both (a) and (b) </p>Solution :D</body></html> | |
| 6361. |
A consumer consumers only two goods X and Y both priced at Rs 3 per unit. If the consumer choose a combination of these two goods with Marginal Rate of Substitution equal to 3, is the consumer in equilibrium ? Give reasons. What will a reational consumer do in this situation? Explain. |
| Answer» <html><body><p></p>Solution :Given `P_(x) = 3, P_(y) = 3 " and " MRS = 3`. A <a href="https://interviewquestions.tuteehub.com/tag/consumer-25599" style="font-weight:bold;" target="_blank" title="Click to know more about CONSUMER">CONSUMER</a> is said to be in <a href="https://interviewquestions.tuteehub.com/tag/equilibrium-974342" style="font-weight:bold;" target="_blank" title="Click to know more about EQUILIBRIUM">EQUILIBRIUM</a> when `MRS = (P_(x))/(P_(y))` Substituting values we find that: <br/> `3 gt (3)/(3)` <br/> i.e., `MRS gt (P_(x))/(P_(y))` <br/> Therefore, consumer is not in equilibrium. <br/> `MRS gt (P_(x))/(P_(y))` means that consumer is willing to pay more for one more unit of `x` as compared to what market demands. <br/> `-` The consumer will <a href="https://interviewquestions.tuteehub.com/tag/buy-391430" style="font-weight:bold;" target="_blank" title="Click to know more about BUY">BUY</a> more units of `x`. <br/> `-` As a <a href="https://interviewquestions.tuteehub.com/tag/result-1187343" style="font-weight:bold;" target="_blank" title="Click to know more about RESULT">RESULT</a>, MRS will fall due to the Law of Diminishing <a href="https://interviewquestions.tuteehub.com/tag/marginal-555038" style="font-weight:bold;" target="_blank" title="Click to know more about MARGINAL">MARGINAL</a> Utility. <br/> `-` This will continue till `MRS = (P_(x))/(P_(y))` and consumer is in equilibrium.</body></html> | |
| 6362. |
Wheel APP rises, what is the relation between MPP and APP ? |
| Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :<a href="https://interviewquestions.tuteehub.com/tag/mpp-549071" style="font-weight:bold;" target="_blank" title="Click to know more about MPP">MPP</a> is <a href="https://interviewquestions.tuteehub.com/tag/greater-476627" style="font-weight:bold;" target="_blank" title="Click to know more about GREATER">GREATER</a> than <a href="https://interviewquestions.tuteehub.com/tag/app-25615" style="font-weight:bold;" target="_blank" title="Click to know more about APP">APP</a></body></html> | |
| 6363. |
Macroeconomics focuses on all of the following except: |
| Answer» <html><body><p>Unemployment Problem <br/>Inflation in the Economy <br/>Aggregate <a href="https://interviewquestions.tuteehub.com/tag/demand-436956" style="font-weight:bold;" target="_blank" title="Click to know more about DEMAND">DEMAND</a> <br/>Jute Industry </p>Solution :Macroeconomics is the branch of economics that deals with the structure, performance, behavior, and decision-making of the <a href="https://interviewquestions.tuteehub.com/tag/whole-1455252" style="font-weight:bold;" target="_blank" title="Click to know more about WHOLE">WHOLE</a>, or aggregate, economy, instead of focusing on individual markets. The two main <a href="https://interviewquestions.tuteehub.com/tag/areas-883934" style="font-weight:bold;" target="_blank" title="Click to know more about AREAS">AREAS</a> of macroeconomic study are long term economic growth and shorter term business cycles.</body></html> | |
| 6364. |
What is the Law of Variable Proportions ? |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :Law of Variable Proportions states that as we increase quantity of only one input, <a href="https://interviewquestions.tuteehub.com/tag/keeping-1063392" style="font-weight:bold;" target="_blank" title="Click to know more about KEEPING">KEEPING</a> other <a href="https://interviewquestions.tuteehub.com/tag/inputs-1045695" style="font-weight:bold;" target="_blank" title="Click to know more about INPUTS">INPUTS</a> fixed, <a href="https://interviewquestions.tuteehub.com/tag/total-711110" style="font-weight:bold;" target="_blank" title="Click to know more about TOTAL">TOTAL</a> product initially increases at an <a href="https://interviewquestions.tuteehub.com/tag/increasing-1040633" style="font-weight:bold;" target="_blank" title="Click to know more about INCREASING">INCREASING</a> rate, then at a decreasing rate and finally at a negative rate.</body></html> | |
| 6365. |
Explain the three properties of the indifference curves. |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :1. Indifference Curves are Downward SlopingVirtually all indifference curves have a negative slope. That is, they slope downward from left to right. The slope of an indifference curve shows the rate of substitution between two goods, i.e. the rate at which an individual is willing to give up some quantity of good A to get more of good B. If we assume that the individual likes both goods, the quantity of good B has to increase as the quantity of good A decreases, to keep the overall <a href="https://interviewquestions.tuteehub.com/tag/level-1072714" style="font-weight:bold;" target="_blank" title="Click to know more about LEVEL">LEVEL</a> of satisfaction the same. Because both axes each represent one of the two goods, this relationship results in a downward sloping curve. This becomes pretty obvious if we look at the illustration below. <br/>2. Higher Indifference Curves Are Preferred to Lower OnesConsumers will always prefer a higher indifference curve to a lower one. This is due to the basic economic assumption that “more is always better“. Think about it if someone were to ask you if you wanted a <a href="https://interviewquestions.tuteehub.com/tag/free-465311" style="font-weight:bold;" target="_blank" title="Click to know more about FREE">FREE</a> slice of pizza or an entire pizza for free, what would you <a href="https://interviewquestions.tuteehub.com/tag/say-1195451" style="font-weight:bold;" target="_blank" title="Click to know more about SAY">SAY</a>? Who says no to free pizza, right? Now, of course, it’s not always that simple, but in basic economic theory, we can assume that <a href="https://interviewquestions.tuteehub.com/tag/consumers-14615" style="font-weight:bold;" target="_blank" title="Click to know more about CONSUMERS">CONSUMERS</a> have a preference for larger quantities. This is reflected in the indifference curves. The higher the indifference curves are, the larger the quantities of both goods. And thus, the more preferable the indifference curve becomes.<br/>4. Indifference Curves are convex (i.e., bowed inward)In most cases, indifference curves are bowed inward. This has to do with the marginal rate of substitution (MRS). We know that the marginal utility of consuming a good decreases as its supply increases (see also diminishing marginal utility). Therefore consumers are willing to give up more of this good to get another good of which they have little.</body></html> | |
| 6366. |
Differentiated product is a characteristic of {:((a)"Monopolistic competition only",(b)"Oligopoly only"),((c)"Both monopolistic competition and iligopoly",(d)"Monopoly"):} |
| Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :<a href="https://interviewquestions.tuteehub.com/tag/c-7168" style="font-weight:bold;" target="_blank" title="Click to know more about C">C</a></body></html> | |
| 6367. |
Calculate the correlation cofficient between the heights of Fathers in inches (X) and their sons (Y). |
| Answer» <html><body><p></p>Solution :<img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/TRJ_ECO_XI_C12_E01_091_S01.png" width="80%"/> <br/> `<a href="https://interviewquestions.tuteehub.com/tag/r-611811" style="font-weight:bold;" target="_blank" title="Click to know more about R">R</a>=(sumdxdy-((sumdx)xx(sumdy))/(N))/(<a href="https://interviewquestions.tuteehub.com/tag/sqrt-1223129" style="font-weight:bold;" target="_blank" title="Click to know more about SQRT">SQRT</a>(sumdx^(2)-((sumdx)^(2))/(N)xxsqrt(sumdy^(2)-((sumdy)^(2))/(N))` <br/> `=(<a href="https://interviewquestions.tuteehub.com/tag/118-1777937" style="font-weight:bold;" target="_blank" title="Click to know more about 118">118</a>-(-<a href="https://interviewquestions.tuteehub.com/tag/10-261113" style="font-weight:bold;" target="_blank" title="Click to know more about 10">10</a>)xx(-36)/(8))/(sqrt(156-(-10)^(2))/(8))xxsqrt((36)^(2))/(8))` <br/> `=(118-45)/(sqrt(156-12.5)xxsqrt(356-162))` <br/> `=(73)/(sqrt(143.5)xxsqrt(<a href="https://interviewquestions.tuteehub.com/tag/194-281510" style="font-weight:bold;" target="_blank" title="Click to know more about 194">194</a>))` <br/> `=(73)/(11.98xx13.93)` <br/> `=(73)/(166.88)=0.44` <br/> Correlation coefficient (r)=0.44</body></html> | |
| 6368. |
Price elasticity of demand is best defined as : |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/change-913808" style="font-weight:bold;" target="_blank" title="Click to know more about CHANGE">CHANGE</a> in the tastes of cpmsi,ers at doffermet prices.<br/>Change in <a href="https://interviewquestions.tuteehub.com/tag/demand-436956" style="font-weight:bold;" target="_blank" title="Click to know more about DEMAND">DEMAND</a> when income of the <a href="https://interviewquestions.tuteehub.com/tag/consumer-25599" style="font-weight:bold;" target="_blank" title="Click to know more about CONSUMER">CONSUMER</a> increases.<br/>The <a href="https://interviewquestions.tuteehub.com/tag/rate-1177476" style="font-weight:bold;" target="_blank" title="Click to know more about RATE">RATE</a> of response of demand toa change in pirce.<br/>The rate of response of demand to change in pirce of related goods.</p>Solution :N/a</body></html> | |
| 6369. |
Explain the implicaiton of large number of buyers in a perfectly competitive market. |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> : The no. of sellers is so large that the share of each seller is <a href="https://interviewquestions.tuteehub.com/tag/insignificant-1045929" style="font-weight:bold;" target="_blank" title="Click to know more about INSIGNIFICANT">INSIGNIFICANT</a> in the <a href="https://interviewquestions.tuteehub.com/tag/total-711110" style="font-weight:bold;" target="_blank" title="Click to know more about TOTAL">TOTAL</a> supply. Hence, an individual seller cannot influence the market <a href="https://interviewquestions.tuteehub.com/tag/price-1165141" style="font-weight:bold;" target="_blank" title="Click to know more about PRICE">PRICE</a>. Similarly, a single buyer's share in total purchase is so insignificant because of their large no. that an individual buyer cannot influence the market price. Under such conditions, price of a commodity is determined by the market forces of demand and supply and each buyer and seller has to accept the same price. As a result, uniform price <a href="https://interviewquestions.tuteehub.com/tag/prevails-2950895" style="font-weight:bold;" target="_blank" title="Click to know more about PREVAILS">PREVAILS</a> in the market.</body></html> | |
| 6370. |
Explainthe behaviourof Average Fixed Cost. Usediagram. |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :In economics, <a href="https://interviewquestions.tuteehub.com/tag/average-13416" style="font-weight:bold;" target="_blank" title="Click to know more about AVERAGE">AVERAGE</a> fixed cost (AFC) is the fixed <a href="https://interviewquestions.tuteehub.com/tag/costs-25578" style="font-weight:bold;" target="_blank" title="Click to know more about COSTS">COSTS</a> of <a href="https://interviewquestions.tuteehub.com/tag/production-14556" style="font-weight:bold;" target="_blank" title="Click to know more about PRODUCTION">PRODUCTION</a> (FC) divided by the quantity (Q) of output produced.As the total number of <a href="https://interviewquestions.tuteehub.com/tag/units-1438468" style="font-weight:bold;" target="_blank" title="Click to know more about UNITS">UNITS</a> of the good produced increases, the average fixed cost decreases because the same amount of fixed costs is being spread over a larger number of units of output.</body></html> | |
| 6371. |
MU_(X) " of " X " is " 40 " and " MU_(Y) of Y is 30. It the price of Y is Rs 9, then price of X at equilibrium will be ______ |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/rs-625947" style="font-weight:bold;" target="_blank" title="Click to know more about RS">RS</a> 9<br/>Rs 30<br/>Rs 15<br/>Rs 12</p>Answer :D</body></html> | |
| 6372. |
"MC should be rising at the point of producer's equilibrium". Comment. |
| Answer» <html><body><p></p>Solution :The <a href="https://interviewquestions.tuteehub.com/tag/given-473447" style="font-weight:bold;" target="_blank" title="Click to know more about GIVEN">GIVEN</a> statement is defended.If MC is falling at the <a href="https://interviewquestions.tuteehub.com/tag/point-1157106" style="font-weight:bold;" target="_blank" title="Click to know more about POINT">POINT</a> of <a href="https://interviewquestions.tuteehub.com/tag/equilibrium-974342" style="font-weight:bold;" target="_blank" title="Click to know more about EQUILIBRIUM">EQUILIBRIUM</a>, then it means that it is possible to earn profits (WCE) by producing more. So, MC should be rising at the point of producer's equilibrium. (see <a href="https://interviewquestions.tuteehub.com/tag/figure-987693" style="font-weight:bold;" target="_blank" title="Click to know more about FIGURE">FIGURE</a> below) <br/> <img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/MIC_ECO_XI_U03_C08_E01_023_S01.png" width="80%"/></body></html> | |
| 6373. |
Define median. |
| Answer» <html><body><p></p>Solution :Median is a <a href="https://interviewquestions.tuteehub.com/tag/centrally-7381209" style="font-weight:bold;" target="_blank" title="Click to know more about CENTRALLY">CENTRALLY</a> <a href="https://interviewquestions.tuteehub.com/tag/located-543617" style="font-weight:bold;" target="_blank" title="Click to know more about LOCATED">LOCATED</a> value of a <a href="https://interviewquestions.tuteehub.com/tag/series-1201802" style="font-weight:bold;" target="_blank" title="Click to know more about SERIES">SERIES</a> such that half of <a href="https://interviewquestions.tuteehub.com/tag/thevalues-1412873" style="font-weight:bold;" target="_blank" title="Click to know more about THEVALUES">THEVALUES</a> (or <a href="https://interviewquestions.tuteehub.com/tag/items-1052972" style="font-weight:bold;" target="_blank" title="Click to know more about ITEMS">ITEMS</a>) of the series are above it and the other half below it</body></html> | |
| 6374. |
Consider the following demand and supply function of the commodity : Q^(D)=200-P" ,Q"^(D)=120+P (i) Calculate equilibrium price. (ii) Calculate equilibrium quantity (iii) Which situation arises when market price is Rs.25 ? (iv) Which situation arises when market price is Rs.45 ? |
| Answer» <html><body><p></p>Solution :Equilibrium price is <a href="https://interviewquestions.tuteehub.com/tag/determined-949906" style="font-weight:bold;" target="_blank" title="Click to know more about DETERMINED">DETERMINED</a> at that <a href="https://interviewquestions.tuteehub.com/tag/point-1157106" style="font-weight:bold;" target="_blank" title="Click to know more about POINT">POINT</a> where market demand is equal to market supply i.e., <br/> `Q^(D)=Q^(S)` <br/> `200-P=120+P` <br/> `2P=80""rArr"P"=(80)/(<a href="https://interviewquestions.tuteehub.com/tag/2-283658" style="font-weight:bold;" target="_blank" title="Click to know more about 2">2</a>)=<a href="https://interviewquestions.tuteehub.com/tag/40-314386" style="font-weight:bold;" target="_blank" title="Click to know more about 40">40</a>` <br/> `therefore` Equilibrium price is Rs.40. <br/> (ii) The equilibrium quantity is calculated by substituting the equilibrium price info either demand or supply function, since at equilibrium, quantity demanded and quantity supplied are equal. <br/> `Q^(D)=200-P=200-40=160"units"` <br/> `Q^(S)=120+P=120+40=160"units"` <br/> (iii) When market price is Rs.25 then <br/> `Q^(D)=200-P=200-25=175"units"` <br/> `Q^(S)=120+P=120+25=145"units"` <br/> `Q^(D)gtQ^(S)` <br/> `175gt145` <br/> This is a situation of excess demand or shortage of supply because `Q^(D)gtQ^(S)` <br/> (<a href="https://interviewquestions.tuteehub.com/tag/iv-501699" style="font-weight:bold;" target="_blank" title="Click to know more about IV">IV</a>) When market price is Rs.45, then <br/> `Q^(D)=200-P=200-45=155"units"` <br/> `Q^(S)=120+P=120+45=165"units"` <br/> `Q^(D)ltQ^(S)` <br/> `155lt165` <br/> This is a situation of excess supply or surplus becuase `Q^(D)ltQ^(S)`.</body></html> | |
| 6375. |
How does the procedure of drawing a histogram differ when class intervals are unequal in comparison to equal class intervals in a frequency table ? |
| Answer» | |
| 6376. |
(i) TR= sumMR, and (ii) TC = sumMC. Tick the correct option |
| Answer» <html><body><p>Both (i) and (<a href="https://interviewquestions.tuteehub.com/tag/ii-1036832" style="font-weight:bold;" target="_blank" title="Click to know more about II">II</a>) are <a href="https://interviewquestions.tuteehub.com/tag/correct-409949" style="font-weight:bold;" target="_blank" title="Click to know more about CORRECT">CORRECT</a> <br/>Only (ii) is <a href="https://interviewquestions.tuteehub.com/tag/incorrect-499101" style="font-weight:bold;" target="_blank" title="Click to know more about INCORRECT">INCORRECT</a> <br/>Only (i) is correct <br/>Both are incorrect </p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :N/A</body></html> | |
| 6377. |
Production possibility frontier shifts towares right when an economy moves from a situation of underutilization to fuler ulilization of resources. |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<a href="https://interviewquestions.tuteehub.com/tag/production-14556" style="font-weight:bold;" target="_blank" title="Click to know more about PRODUCTION">PRODUCTION</a> possibility <a href="https://interviewquestions.tuteehub.com/tag/frontier-1000815" style="font-weight:bold;" target="_blank" title="Click to know more about FRONTIER">FRONTIER</a> (PPF) will <a href="https://interviewquestions.tuteehub.com/tag/remain-1184279" style="font-weight:bold;" target="_blank" title="Click to know more about REMAIN">REMAIN</a> at its original position. <a href="https://interviewquestions.tuteehub.com/tag/rather-2973755" style="font-weight:bold;" target="_blank" title="Click to know more about RATHER">RATHER</a>, economy will now operate on the PPF.</body></html> | |
| 6378. |
What do you mean by demand curve, what are its types? |
| Answer» <html><body><p></p>Solution :Demand curve is a <a href="https://interviewquestions.tuteehub.com/tag/graphic-469139" style="font-weight:bold;" target="_blank" title="Click to know more about GRAPHIC">GRAPHIC</a> presentation of negative <a href="https://interviewquestions.tuteehub.com/tag/relation-1183220" style="font-weight:bold;" target="_blank" title="Click to know more about RELATION">RELATION</a> between price and quantity demanded of a commodity other things being equal. It is of two types. <br/> (a) Individual demand curve <br/> (b) Market demand curve</body></html> | |
| 6379. |
Price of a commodity is |
| Answer» <html><body><p>TR<br/>MR <br/><a href="https://interviewquestions.tuteehub.com/tag/ar-380980" style="font-weight:bold;" target="_blank" title="Click to know more about AR">AR</a> <br/><a href="https://interviewquestions.tuteehub.com/tag/none-580659" style="font-weight:bold;" target="_blank" title="Click to know more about NONE">NONE</a> of these</p>Answer :<a href="https://interviewquestions.tuteehub.com/tag/c-7168" style="font-weight:bold;" target="_blank" title="Click to know more about C">C</a></body></html> | |
| 6380. |
If Q_(1) = 10 and Q_(3) = 30 , the value of the Coefficient of Quartile Deviation is : |
| Answer» <html><body><p>`0.25`<br/>`0.50`<br/>`0.33`<br/>`0.75`</p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<a href="https://interviewquestions.tuteehub.com/tag/b-387190" style="font-weight:bold;" target="_blank" title="Click to know more about B">B</a></body></html> | |
| 6381. |
Oligopoly is the market structure in which there are: |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/many-554478" style="font-weight:bold;" target="_blank" title="Click to know more about MANY">MANY</a> <a href="https://interviewquestions.tuteehub.com/tag/sellers-1200267" style="font-weight:bold;" target="_blank" title="Click to know more about SELLERS">SELLERS</a> and many buyers<br/>One <a href="https://interviewquestions.tuteehub.com/tag/seller-1200249" style="font-weight:bold;" target="_blank" title="Click to know more about SELLER">SELLER</a> and many buyers<br/>Few sellers and many buyers<br/>None of these</p>Solution :N/a</body></html> | |
| 6382. |
The following diagram represents the situation of: |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/price-1165141" style="font-weight:bold;" target="_blank" title="Click to know more about PRICE">PRICE</a> Floor<br/>Price Ceiling<br/>Either (a) or (<a href="https://interviewquestions.tuteehub.com/tag/b-387190" style="font-weight:bold;" target="_blank" title="Click to know more about B">B</a>)<br/><a href="https://interviewquestions.tuteehub.com/tag/neither-1113494" style="font-weight:bold;" target="_blank" title="Click to know more about NEITHER">NEITHER</a> (a) nor (b)</p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :(b)</body></html> | |
| 6383. |
What is the basic difference between change in quantity demanded and change in demand? |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :Change in <a href="https://interviewquestions.tuteehub.com/tag/quantity-1174212" style="font-weight:bold;" target="_blank" title="Click to know more about QUANTITY">QUANTITY</a> <a href="https://interviewquestions.tuteehub.com/tag/demanded-7675308" style="font-weight:bold;" target="_blank" title="Click to know more about DEMANDED">DEMANDED</a> is caused by change in own price of the commodity, other things being equal whereas change in <a href="https://interviewquestions.tuteehub.com/tag/demand-436956" style="font-weight:bold;" target="_blank" title="Click to know more about DEMAND">DEMAND</a> is caused by change in other <a href="https://interviewquestions.tuteehub.com/tag/factors-458933" style="font-weight:bold;" target="_blank" title="Click to know more about FACTORS">FACTORS</a> affecting demand other than the price of the commodity.</body></html> | |
| 6384. |
An 'inferior good |
| Answer» <html><body><p>which is a <a href="https://interviewquestions.tuteehub.com/tag/poor-602678" style="font-weight:bold;" target="_blank" title="Click to know more about POOR">POOR</a> quality good<br/>which is a <a href="https://interviewquestions.tuteehub.com/tag/low-537644" style="font-weight:bold;" target="_blank" title="Click to know more about LOW">LOW</a> <a href="https://interviewquestions.tuteehub.com/tag/priced-2951544" style="font-weight:bold;" target="_blank" title="Click to know more about PRICED">PRICED</a> good<br/>which has positive income effect<br/>which is below income <a href="https://interviewquestions.tuteehub.com/tag/status-11923" style="font-weight:bold;" target="_blank" title="Click to know more about STATUS">STATUS</a> of the consumer</p>Answer :D</body></html> | |
| 6385. |
Is the study of cotton textile industry a macroeconomic study or a microeconomic study |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :It is a <a href="https://interviewquestions.tuteehub.com/tag/microeconomic-7696038" style="font-weight:bold;" target="_blank" title="Click to know more about MICROECONOMIC">MICROECONOMIC</a> <a href="https://interviewquestions.tuteehub.com/tag/study-1230645" style="font-weight:bold;" target="_blank" title="Click to know more about STUDY">STUDY</a> as it is only a <a href="https://interviewquestions.tuteehub.com/tag/unit-1438166" style="font-weight:bold;" target="_blank" title="Click to know more about UNIT">UNIT</a> of industies.</body></html> | |
| 6386. |
Opportunity cost: |
| Answer» <html><body><p>is <a href="https://interviewquestions.tuteehub.com/tag/always-373607" style="font-weight:bold;" target="_blank" title="Click to know more about ALWAYS">ALWAYS</a> lower than the given value of a <a href="https://interviewquestions.tuteehub.com/tag/factor-458892" style="font-weight:bold;" target="_blank" title="Click to know more about FACTOR">FACTOR</a> <br/>is always higher than the given value of a factor <br/>is <a href="https://interviewquestions.tuteehub.com/tag/equal-446400" style="font-weight:bold;" target="_blank" title="Click to know more about EQUAL">EQUAL</a> to the given value of a factor <br/>can be less than, more than or equal to the given value of a factor.</p>Solution :Opportunity <a href="https://interviewquestions.tuteehub.com/tag/cost-25707" style="font-weight:bold;" target="_blank" title="Click to know more about COST">COST</a>:can be less than, more than or equal to the given value of a factor.</body></html> | |
| 6387. |
Using the following data on Price structure of three market forms, Perfect competition, monopoly and monopolistic competition, draw the AR curves in the same diagram and compare their price elasticity of demand |
| Answer» <html><body><p><br/></p>Answer :1. <a href="https://interviewquestions.tuteehub.com/tag/perfect-1150611" style="font-weight:bold;" target="_blank" title="Click to know more about PERFECT">PERFECT</a> competition : <a href="https://interviewquestions.tuteehub.com/tag/perfectly-7309466" style="font-weight:bold;" target="_blank" title="Click to know more about PERFECTLY">PERFECTLY</a> elastic <br/> 2. Monopoly : <a href="https://interviewquestions.tuteehub.com/tag/less-1071906" style="font-weight:bold;" target="_blank" title="Click to know more about LESS">LESS</a> elastic <br/> 3. <a href="https://interviewquestions.tuteehub.com/tag/monopolistic-2180801" style="font-weight:bold;" target="_blank" title="Click to know more about MONOPOLISTIC">MONOPOLISTIC</a> competition : More elastic</body></html> | |
| 6388. |
The supply curve of a given commodity is given to be S_(0). On the basis of this diagram, answer thefollowing questions: Movement from S_(0) to S_(2) is caused by : |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/increase-1040383" style="font-weight:bold;" target="_blank" title="Click to know more about INCREASE">INCREASE</a> inpriceof givenproduct <br/> Increase in thepriceof theinputs <br/>TechnologicalUpgradation <br/><a href="https://interviewquestions.tuteehub.com/tag/decrease-946104" style="font-weight:bold;" target="_blank" title="Click to know more about DECREASE">DECREASE</a> inpriceof given product</p>Solution :Movement from S0 to <a href="https://interviewquestions.tuteehub.com/tag/s1-628875" style="font-weight:bold;" target="_blank" title="Click to know more about S1">S1</a> <a href="https://interviewquestions.tuteehub.com/tag/shows-1206590" style="font-weight:bold;" target="_blank" title="Click to know more about SHOWS">SHOWS</a> the rightward shift in <a href="https://interviewquestions.tuteehub.com/tag/supply-1235254" style="font-weight:bold;" target="_blank" title="Click to know more about SUPPLY">SUPPLY</a> curve, so there must have been increase in supply and that can happen when there is an tenchnological upgradation.</body></html> | |
| 6389. |
An economic survey revealed that 30 families in a town incur following expenditure in a day (rupees) (i)Convert these data in the form of a frequency distribution, using the following class intervals. 10-14,15-19,20-24,25-29,30-34 and 35-39 . (ii)How many families spend more than 29 rupees a day ? |
| Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :<a href="https://interviewquestions.tuteehub.com/tag/6-327005" style="font-weight:bold;" target="_blank" title="Click to know more about 6">6</a> or <a href="https://interviewquestions.tuteehub.com/tag/20-287209" style="font-weight:bold;" target="_blank" title="Click to know more about 20">20</a>%</body></html> | |
| 6390. |
The supply curve of a given commodity is given to be S_(0). On the basis of this diagram, answer thefollowing questions: Increasesin costof productionof thiscommoditywillleadto : |
| Answer» <html><body><p>Movement from `S_(0)` to `S_(1)`<br/>Movementform `S_(0)` to `S_(2)`<br/>Upward movementalong the `S_(0)` <br/>No <a href="https://interviewquestions.tuteehub.com/tag/change-913808" style="font-weight:bold;" target="_blank" title="Click to know more about CHANGE">CHANGE</a> at all </p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :Increase in the cost of production reduces the <a href="https://interviewquestions.tuteehub.com/tag/profit-1168589" style="font-weight:bold;" target="_blank" title="Click to know more about PROFIT">PROFIT</a> marginof this <a href="https://interviewquestions.tuteehub.com/tag/particular-1147539" style="font-weight:bold;" target="_blank" title="Click to know more about PARTICULAR">PARTICULAR</a> <a href="https://interviewquestions.tuteehub.com/tag/commodity-923558" style="font-weight:bold;" target="_blank" title="Click to know more about COMMODITY">COMMODITY</a> and hence supply fallsand there is a movement from So toS1.</body></html> | |
| 6391. |
Explain how the demand for a good is affected by the prices of its related goods. Give examples. |
| Answer» <html><body><p></p>Solution :There are two types of <a href="https://interviewquestions.tuteehub.com/tag/relatedbrbr-2983848" style="font-weight:bold;" target="_blank" title="Click to know more about RELATED">RELATED</a> goods :- (i) Substitute goods, (ii) Complementary goods. <br/>In <a href="https://interviewquestions.tuteehub.com/tag/case-910082" style="font-weight:bold;" target="_blank" title="Click to know more about CASE">CASE</a> of substitute goods there is a positive <a href="https://interviewquestions.tuteehub.com/tag/relationship-1183331" style="font-weight:bold;" target="_blank" title="Click to know more about RELATIONSHIP">RELATIONSHIP</a> between price of one good and the demand for another i.e as price of one good rises the demand for its substitute rises.<br/>On the other <a href="https://interviewquestions.tuteehub.com/tag/hand-1015171" style="font-weight:bold;" target="_blank" title="Click to know more about HAND">HAND</a>, in case of complementary goods there is a negative relationship between price of one good and the demand for its <a href="https://interviewquestions.tuteehub.com/tag/complement-925776" style="font-weight:bold;" target="_blank" title="Click to know more about COMPLEMENT">COMPLEMENT</a> i.e as price of one good rises the demand for its complement falls</body></html> | |
| 6392. |
Formula of D_(7) in individula series is : |
| Answer» <html><body><p>Size of `((N+1)/(100))`<a href="https://interviewquestions.tuteehub.com/tag/th-665760" style="font-weight:bold;" target="_blank" title="Click to know more about TH">TH</a> item<br/>Size of `<a href="https://interviewquestions.tuteehub.com/tag/7-332378" style="font-weight:bold;" target="_blank" title="Click to know more about 7">7</a>((N+1)/(<a href="https://interviewquestions.tuteehub.com/tag/10-261113" style="font-weight:bold;" target="_blank" title="Click to know more about 10">10</a>))` th item<br/>Size of `7((N)/(100))`<br/>None of these</p>Solution :`D_(7)` =Size of `7((N+1)/(10))` th item</body></html> | |
| 6393. |
The supply curve of a given commodity is given to be S_(0). On the basis of this diagram, answer thefollowing questions: Movementform S_(0) to S_(1) is termed as : |
| Answer» <html><body><p>Constractin in Supply <br/>Expansionis Supply <br/><a href="https://interviewquestions.tuteehub.com/tag/decrease-946104" style="font-weight:bold;" target="_blank" title="Click to know more about DECREASE">DECREASE</a> is supply <br/>Increase in supply </p>Solution :So to <a href="https://interviewquestions.tuteehub.com/tag/s1-628875" style="font-weight:bold;" target="_blank" title="Click to know more about S1">S1</a> shws a <a href="https://interviewquestions.tuteehub.com/tag/leftward-540742" style="font-weight:bold;" target="_blank" title="Click to know more about LEFTWARD">LEFTWARD</a> shift in the supply curve and that must have happened due to the decrease in supply.</body></html> | |
| 6394. |
What is meant by sample method ? What are the uses ? |
| Answer» <html><body><p></p>Solution :Sampling <a href="https://interviewquestions.tuteehub.com/tag/methods-11862" style="font-weight:bold;" target="_blank" title="Click to know more about METHODS">METHODS</a> are the ways to choose <a href="https://interviewquestions.tuteehub.com/tag/people-1150079" style="font-weight:bold;" target="_blank" title="Click to know more about PEOPLE">PEOPLE</a> from the population to be considered in a sample survey. Samples can be <a href="https://interviewquestions.tuteehub.com/tag/divided-441039" style="font-weight:bold;" target="_blank" title="Click to know more about DIVIDED">DIVIDED</a> based on <a href="https://interviewquestions.tuteehub.com/tag/following-463335" style="font-weight:bold;" target="_blank" title="Click to know more about FOLLOWING">FOLLOWING</a> criteria. Probability samples - In such samples, each population element has a known probability or chance of being chosen for the sample.Uses of sample method-1.sampling are lower cost2. sampling are faster data collection than measuring the entire population.</body></html> | |
| 6395. |
Which of the following equations is correct ? |
| Answer» <html><body><p>s=<a href="https://interviewquestions.tuteehub.com/tag/r-611811" style="font-weight:bold;" target="_blank" title="Click to know more about R">R</a>+<a href="https://interviewquestions.tuteehub.com/tag/n-568463" style="font-weight:bold;" target="_blank" title="Click to know more about N">N</a><br/>s=r-n<br/>s= r <a href="https://interviewquestions.tuteehub.com/tag/x-746616" style="font-weight:bold;" target="_blank" title="Click to know more about X">X</a> n<br/>`s=r/n`</p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :D</body></html> | |
| 6396. |
Central problems are found only in the developing economies like India and Bangladesh and not in developed countries like USA. |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :Central problems are found in all economies (both <a href="https://interviewquestions.tuteehub.com/tag/developed-431631" style="font-weight:bold;" target="_blank" title="Click to know more about DEVELOPED">DEVELOPED</a> and developing economies) as every <a href="https://interviewquestions.tuteehub.com/tag/economy-21801" style="font-weight:bold;" target="_blank" title="Click to know more about ECONOMY">ECONOMY</a> faces problem of scarcity of resources.</body></html> | |
| 6397. |
Marginal product cuts average product from its top. |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :True. It happens because when average product (AP) rises, marginal product (MP) is more than AP. When AP <a href="https://interviewquestions.tuteehub.com/tag/falls-983294" style="font-weight:bold;" target="_blank" title="Click to know more about FALLS">FALLS</a>, MP is <a href="https://interviewquestions.tuteehub.com/tag/less-1071906" style="font-weight:bold;" target="_blank" title="Click to know more about LESS">LESS</a> than AP. So, MP cuts AP from its <a href="https://interviewquestions.tuteehub.com/tag/top-1422115" style="font-weight:bold;" target="_blank" title="Click to know more about TOP">TOP</a> (Refer <a href="https://interviewquestions.tuteehub.com/tag/fig-460913" style="font-weight:bold;" target="_blank" title="Click to know more about FIG">FIG</a>. 5.5)<br/> <img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/SG_MIC_ECO_C05_S01_039_S01.png" width="80%"/></body></html> | |
| 6398. |
Which of the following methods is used for the estimation of population in a country ? |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/census-414679" style="font-weight:bold;" target="_blank" title="Click to know more about CENSUS">CENSUS</a> <a href="https://interviewquestions.tuteehub.com/tag/method-559432" style="font-weight:bold;" target="_blank" title="Click to know more about METHOD">METHOD</a> <br/><a href="https://interviewquestions.tuteehub.com/tag/sampling-15674" style="font-weight:bold;" target="_blank" title="Click to know more about SAMPLING">SAMPLING</a> method <br/>Both (a) and (<a href="https://interviewquestions.tuteehub.com/tag/b-387190" style="font-weight:bold;" target="_blank" title="Click to know more about B">B</a>)<br/><a href="https://interviewquestions.tuteehub.com/tag/none-580659" style="font-weight:bold;" target="_blank" title="Click to know more about NONE">NONE</a> of these</p>Solution :A</body></html> | |
| 6399. |
Which of the following equationsis correct ? |
| Answer» <html><body><p><<a href="https://interviewquestions.tuteehub.com/tag/p-588962" style="font-weight:bold;" target="_blank" title="Click to know more about P">P</a>>`P_(<a href="https://interviewquestions.tuteehub.com/tag/01-256078" style="font-weight:bold;" target="_blank" title="Click to know more about 01">01</a>)=(sumRW)/(sumW)<a href="https://interviewquestions.tuteehub.com/tag/xx100-3292680" style="font-weight:bold;" target="_blank" title="Click to know more about XX100">XX100</a>`<br/>`P_(01)=(sumRW)/(sumW)`<br/>`P_(01)=(sumW)/(sumRW)xx100`<br/>`P_(01)=(sumW)/(sumRW)`</p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :<a href="https://interviewquestions.tuteehub.com/tag/b-387190" style="font-weight:bold;" target="_blank" title="Click to know more about B">B</a></body></html> | |
| 6400. |
Name the two important branches of Economics. |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<a href="https://interviewquestions.tuteehub.com/tag/microeconomics-560080" style="font-weight:bold;" target="_blank" title="Click to know more about MICROECONOMICS">MICROECONOMICS</a> and <a href="https://interviewquestions.tuteehub.com/tag/macroeconomics-1082534" style="font-weight:bold;" target="_blank" title="Click to know more about MACROECONOMICS">MACROECONOMICS</a>.</body></html> | |