CSS Economics Solved Mcqs

Q.  Which is not a central problem of an economy?

a. What to produce
b. How to produce
c. How to maximize private profit
d. For whom to produce


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  If the demand for a commodity is inelastic, an increase in its price will cause the total expenditure of the consumers of the commodity to:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  If regardless of changes in its price, the quantity demanded of a commodity remains unchanged, then the demand curve for the commodity will be:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  In the case of a Giffen good, the demand curve will be:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  The budget-line is also known as the:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  Which one is not a assumption of the theory of demand based on analysis of indifference curves?
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  The elasticity of substitution between two perfect substitutions is:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  The consumer is in equilibrium at a point where the budget line:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  An indifference curve slopes down towards right since more of one commodity and less of another result in:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  The Revealed Preference Theory deduces the inverse price-quantity relationship from:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  Which of the following statements is incorrect?
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  Production is a function of:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  An ISO-product curve slopes:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  A vertical supply curve parallel to the price axis implies that the elasticity of supply is:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  The supply of a commodity refers to:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  Which cost increases continuously with the increase in production?
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  Which of the following cost curves is never Un-shaped?
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  Total costs in the short-term are classified into fixed costs and varibale costs. Which one of the following is a variable cost?
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  In the short term, when the output of a firm increases, its average fixed cost:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  A significant property of the Cobb - Douglas production function is that the elasticity of substitution between inputs is:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  The production techniques are technically efficient:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts