CSS Economics Solved Mcqs


Q.  A mixed economy is characterised by the co-existence of:

a. Modern and traditional industries
b. Public and private sectors
c. Foreign and domestic investments
d. Commercial and subsistence farming


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MCQs:  In the case of a Giffen good, the demand curve will be:
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MCQs:  The budget-line is also known as the:
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MCQs:  Which one is not a assumption of the theory of demand based on analysis of indifference curves?
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MCQs:  The elasticity of substitution between two perfect substitutions is:
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MCQs:  The consumer is in equilibrium at a point where the budget line:
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MCQs:  An indifference curve slopes down towards right since more of one commodity and less of another result in:
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MCQs:  The Revealed Preference Theory deduces the inverse price-quantity relationship from:
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MCQs:  Which of the following statements is incorrect?
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MCQs:  Production is a function of:
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MCQs:  An ISO-product curve slopes:
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MCQs:  A vertical supply curve parallel to the price axis implies that the elasticity of supply is:
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MCQs:  The supply of a commodity refers to:
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MCQs:  Which cost increases continuously with the increase in production?
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MCQs:  Which of the following cost curves is never Un-shaped?
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MCQs:  Total costs in the short-term are classified into fixed costs and varibale costs. Which one of the following is a variable cost?
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MCQs:  In the short term, when the output of a firm increases, its average fixed cost:
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MCQs:  A significant property of the Cobb - Douglas production function is that the elasticity of substitution between inputs is:
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MCQs:  The production techniques are technically efficient:
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MCQs:  Which of the following is not a feature of iso-product curves? Iso-product curves:
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MCQs:  Some economists refer to iso-product curves as:
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