Tests of Economics

Revealed preferences theory was presented by:-

All  Giffen  goods  are  inferior  goods ;-

In  perfect price discrimination:-

In economics  ,  what a  consumer  is  ready  to  pay   minus  what  he  actually  pays ,  is termed  as ;-

In the circular flow of income, keyenesian equilibrium obtain when:-

In a floating exchange rate system , the ______ should adjust to equate the supply and demand of the currency:-

A shift in supply will have a bigger effect on price than output if demand is:-

The index used most often to measure inflation is the:-

Which is a policy instrument as opposed to a government objectives:-

The  supporter   of mixed  economy was :-

The  field of  business  economic  does not  include   :-

Is economics the same as business:

Value of money and supply of money are related:-

An increase in investment is most likely to be caused by:-

GDP plus net property income from abroad equal what:-

Rich countries have deficit in their balance of payments:-

Central bank rate of lending to commercial bank is called:-

Which state bank want to decrease money supply in the country:-

The marginal propensity to consume is equal to change in consumption /______:-

A fall in the value of pound is likely to decrease spending on imports if:-

What does the phrase ' there is no such thing as a free lunch' means:-

Generally  the  highly   elastic   demand   curve  is  a lying  line ;-

In  case  of  monopoly  ,  marginal  revenue  is  always  less  than average   revenue :-

A mixed economy:-

MC curve  always  cuts  the  AC  at  the   ______________ point  of the  AC  curve :-