Dear scdl student, we at now we request you to help other students through mutual sharing. List of attempted questions and answers select the blank question the sum of all individual demands constitutes_ correct answer market demand your answer market demand true/false question under perfect competition, price is determined by the interaction of total demand and total supply in the market. Correct answer false multiple choice single answer question price of a product under perfect competition is determined by the interaction of total supply and correct answer total demand your answer total demand select the blank question the cost which enter the accounts book of the firm are referred as _. Correct answer accounting cost your answer accounting cost multiple choice multiple answer question keyness theory of employment explains correct answer effective demand. It is a partnership or joint stock company your answer it is a business unit organized under one ownership. It is a partnership or joint stock company multiple choice single answer question whether the economy's capacity to produce goods and services is growing from year to year or remaining static is studied under the correct answer theory of economic growth your answer theory of economic growth multiple choice multiple answer question co operative organizations is correct answer voluntary organization.

Organization, which performs its business within the members your answer voluntary organization. Non profit motive organization multiple choice multiple answer question assumptions underlying the law of supply are correct answer the cost of production is unchanged. Government policies are unchanged your answer the cost of production is unchanged.

Government policies are unchanged true/false question macro economies is a policy oriented science. Multiple choice single answer question expansion of supply is shown by the movement in the supply curve which is correct answer upward your answer upward multiple choice single answer question liability of a sole trader is correct answer unlimited your answer unlimited select the blank question if the output rises in the greater proportion than that of the increase in factor inputs, it is referred to as _. Expenditure costs select the blank question in the 3rd stage of operation of the law of variable proportions, the marginal product becomes _. Correct answer negative true/false question the keynesian theory emphasizes effective supply as a crucial factor in determining the level of income and employment.

Correct answer false multiple choice single answer question the things that are produced by factors of production are called correct answer commodities question correct answer your answer resource allocation decisions in free market economy theory of price theory of price select the blank question supply is predominantly determined by _. Correct answer stock your answer demand select the blank question the form of organization which is best for self employment is _. Correct answer sole trader your answer sole trader multiple choice single answer question the suggestion of maximization of balanced growth rate as another alternative objective of a firm's profit is suggested by multiple choice single answer question j.m. Keynes, on the basis of a fundamental psychological law of consumption, observed that as income increases, consumption also increases, but proportionately true/false question the congress government led by narsimha rao announced the new industrial policy in july 1991. Select the blank question perfectly elastic demand curve is _ correct answer horizontal your answer horizontal true/false question the distinction between fixed costs and variable costs is relevant in the short period only. Multiple choice multiple answer question the term externalities may also be referred as: correct answer spill over effects.

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Third party effects multiple choice multiple answer question methods of forecasting demand for new products are correct answer product life cycle analysis. Keynes managerial economics decision making and forward planning decision making and forward planning resources scarce scarce select the blank question in the context of formulating an investment project, _ feasibility means the availability of supervisors for implementing and running the project smoothly and professionally. Correct answer management your answer management true/false question the sum of total fixed costs and total variable costs is the total cost. Multiple choice multiple answer question features of market are correct answer place where buyers and sellers meet each other. A place where transaction of goods and services is undertaken your answer place where buyers and sellers meet each other.

A place where transaction of goods and services is undertaken multiple choice single answer question managerial economics is also understood to refer to correct answer applied economics your answer applied economics true/false question private profit motive is an essential feature of capitalism. A public good select the blank on the _ level, the summation of maximum individual welfare does not automatically lead to maximum social welfare. Correct answer select the blank while discussing the product divisibility of public and private goods, the principle of _ may be applied in case of only those people who do not agree to pay or who cannot pay the market price correct answer exclusion the goods become _ only when each individual has an access to the entire amount of it and its use by the individual does not reduce its availability to others. In the context of formulation of an investment project, _ feasibility means the availability of land, plant, machinery, raw materials and technical know how etc. Select the blank question the sum of all individual demands constitutes_ correct answer market demand your answer market demand true/false question under perfect competition, price is determined by the interaction of total demand and total supply in the market.