Practice Research Questions and Answers
- For goods x1 and x2 with prices P1 and P2, if dx1/dP2 is positive then,
- Which of the following four-firm concentration ratios is most consistent with monopolistic competition?
- Walraw’s Law states the following:
- A subsidy can actually cause the consumption of a subsidized good to fall if
- The marginal cost of production is MC=0.3x+4, determine the cost involved to increase production from 70 to 100 units.
- Which of the following statements about graphs of short-run cost curves is false?
- Which of the following is a possible change in total revenue that occurs if you increase the price of a good with unit elasticity?
- Zia wants to increase total revenue at his restaurant. The price elasticity of demand for several dishes that he serves are given in the table below. Pric...
- If the price elasticity of demand for apples is 3, then what will be the impact on total revenue if price increases?
- An economist calculated the cross-price elasticity of demand for nicknacks and gizmos and got -0.5. What can she conclude about the relationship between th...
- Which of the following statements about a firm's average cost curves is false?
- Suppose incomes double over a period of years. Which sorts of product will experience the biggest increases in price?
- Holly, Brian, Fred, Tracy, and Melanie have income elasticities for veggie burgers as given below: Person Income elasticity of demand Tracy 2 Brian 1 F...
- Suppose there is a pond with fishes and “n” number of fishermen living around it. Let a i is time spent fishing per day by player i. Thus total time pe...
- The absorption approach of analyzing balance of payment was formulated by:
- If the endowment of some resource increases, the industry that uses that resource most intensively will increase its output while the other industry will d...
- Knife edge problem is associated with the following growth models?
- A person who is made redundant because of the contraction of an industry is a victim of?
- The Phillips curve shows the trade-off between ----- and -----?
- Expansionary fiscal policy in the classical model will cause aggregate demand to-----potential output?
- The costs of inflation are?
- Longevity is proxy for ---- in the Human Development Index?
- In a small open economy with a floating exchange rate, the supply of real money balances is fixed and a rise in government spending ______
- According to the Mundell-Fleming model for a small open economy with flexible exchange rates, if the Federal Reserve cannot alter domestic interest rates, ...
- According to the Taylor principle, for inflation to be stable, the central bank must respond to an increase in inflation with ____ increase in the nominal...
- Which of the following is not correct?
- The value of expenditure multiplier when marginal propensity to save is 0.4 is
- Consider an economy described by the following equations: C = 100 + 0.6 ∗ (Y − T) (consumption function) I = 200 − 1000 ∗ r (investment funct...
- Based on the IS curve and LM curve you have derived in Q36 and Q37, what is the equilibrium income?
- Based on the IS curve and LM curve you have derived in Q36 and Q37, what is the equilibrium interest rate?
- A decrease in the tax to GDP ratio indicates which of the following: Slowing economic growth rate Less equitable distribution of national income S...
- Calculate Operating Surplus: Items Rs in crore Compensation of employees 2000 Rent and interest 800 Indirect taxes 120 Corporation Tax 460 Consumption ...
- The correlation coefficient between X and -X is:
- The arithmetic mean of the two regression coefficients is greater than or equal to:
- When two regression coefficients bear same algebraic signs, then correlation coefficient is:
- Which of the following could be a remedy for Multicollinearity Problem?
