B:-Bilateral monopoly
C:-Oligopoly
D:-Monopsony
Correct Answer:- Option-D
Question39:-The short run average cost curve has a flat stretch over a range of output because of the existence of
A:-Excess capacity
B:-Reserve capacity
C:-Full capacity utilization
D:-Efficiency in resource use
Correct Answer:- Option-B
Question40:-In a Pareto optimal situation
A:-It is possible to make A or B better off without making any one of them worse off
-It is possible to make A or B better off by making any one of them worse off
C:-It is impossible to make A or B better off without making any one of them worse off
D:-It is impossible to make A or B worse off in order to make any one of them better off
Correct Answer:- Option-C
Question41:-The value of Marginal propensity to consume is
ಹಾ
-between 0 and 1
C:-between 1 and 2
D:-none of the above
Correct Answer:- Option-B
Question42:-Which of the following schools of thought follow adaptive expectations?
A:-New Classical
-Real Business Cycle
C:-New Keynesian
D:-Orthodox Monetarist
Correct Answer:- Option-D
Question43:-Insider outsider model explains
A:-Insider trading
B:-Internal and external trade
C:-Wage rigidity
D:-Interest elasticity of investment
Correct Answer:- Option-C
Question44:-Classical economists believed in
A:-Market clearing
B:-Says law of markets
C:-Neutrality of money
D:-All of the above
Correct Answer:- Option-D
Question45:-The concept of Natural Rate of unemployment is primarily associated with
A:-Milton Friedman
B:-George Akerlof
C:-Bohm Baverk
D:-Mises-Hayek
Correct Answer:- Option-A
Question46:-In the region of liquidity trap the interest elasticity of money is
A:-0
B:-very low
C:-very high
D:-none of the above
Correct Answer:- Option-C
Question47:-Phillips curve shows the relation between
A:-tax rate and total revenue
191000 and unemployment
C:-interest rate and investment
D:-income and consumption
Correct Answer:- Option-B