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This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.

1.

A ___________ deficit is financed by net capital flows from the rest of the world, thus by a capital account surplus.1). Current Account2). Savings Account3). Capital Account4). Asset Account

Answer» CURRENT ACCOUNT : SEEMS CORRECT
Discussion
2.

_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.1). Law of diminishing marginal product2). Law of variable proportions3). The Short Run4). The Long Run

Answer»

I am not SURE, may be Law of VARIABLE PROPORTIONS is CORRECT
Discussion
3.

In a market system, the central problems regarding how much and what to produce are solved through the coordination of economic activities brought about by ________ signals.1). Supply2). Demand3). Price4). Stock Market

Answer» OPTION 3 : SEEMS CORRECT
Discussion
4.

__________ is defined as the output per unit of variable input1). Marginal product2). Production function3). Total product4). Average product

Answer» AVERAGE PRODUCT
Discussion