3701. Where ‘Nikkei Stock average’ applies?
A. Mainly to Korean equities
B. Mainly to international equities
C. Mainly to Japanese equities
D. Mainly to US equities
✅ The correct answer is option B.
Art
Boost your knowledge with a comprehensive collection of Arts MCQs with answers and detailed explanations. Covering topics from history of art, literature, philosophy, sociology, political science, and fine arts, these objective questions are designed for students, teachers, and candidates preparing for competitive exams (CSS, PMS, NTS, FPSC, PPSC, UPSC, etc.). Each MCQ is followed by a clear explanation to help you understand concepts better and improve your exam preparation. Perfect for self-assessment, practice, and revision in the field of Arts and Humanities.
3702. For an inferior good ?
A. The price elasticity of demand is negative: the income elasticity of demand is negative
B. The price elasticity of demand is positive the income elasticity of demand is negative
C. The price elasticity of demand is negative the income elasticity of demand is positive
D. The price elasticity of demand is positive the income elasticity of demand is positive
✅ The correct answer is option A.
3703. What would reduce the role of central planning in a economy?
A. Increasing government spending
B. Increasing public ownership of firms
C. Increasing the role of markets
D. Removing the profit motive
✅ The correct answer is option C.
3704. If the total product of two workers is 80 and the total product of 3 workers is 90 then the average product of the third worker is ________ and the marginal product of the third worker is _________?
A. 160; 270
B. 10; 30
C. 10; 3.33
D. 30; 10
✅ The correct answer is option D.
3705. Transfer payments means?
A. Bank loans
B. The payment without work
C. Tax payments
D. Payments made to all factors of production
✅ The correct answer is option B.
3706. What is National debt or public debt?
A. State’s borrowing from its population
B. State’s borrowing from foreign government
C. state’s borrowing from international institution
D. All of these
✅ The correct answer is option D.
3707. Poor developing countries typically impose __________ tariffs than rich advanced nations on imports?
A. Lower
B. Higher
C. About the same height
D. None of the above
✅ The correct answer is option B.
3708. Surplus labor theories assume that?
A. LDCs are overpopulated
B. labor contributes nothing to output in LDCs
C. The marginal products of labor are closed to zero in LDCs
D. Urban unemployment is high in LDCs
✅ The correct answer is option C.
3709. Injection into the circular flow are ______ and __________?
A. Consumption investment exports
B. Investment exports transfer payments
C. Investment government expenditure exports
D. Taxes exports, transfer payments
✅ The correct answer is option C.
3710. A binding price ceiling creates?
A. a shortage or a surplus depending on whether the price ceiling is set above or below the equilibrium price
B. a surplus
C. a shortage
D. an equilibrium
✅ The correct answer is option C.