55,

57,

59.

61.

62.

The only way to increase the output of one good is to reduce the output of another.
This allocation of inputs is said to be :

(ಹ) Consumption efficient (B) Production efficient

(¢) Economic efficient (D) None of the above

A good for which consumption falls as an individual's income rises
(ಹ) inferior good (B) consumption good
(€) durable good (D) non-durable good

The increase in consumption brought about by a increase in income, when the prices of goods are
held constant

(ಹ) substitution effect (B) income effect
(ಲ) price effect (D) none of the above

A curve that describes the relationship between the quantity of a good consumed and income
(A) Kinked curve (B) Engel curve
(C) Demand curve (D) None of the above

A form of implicit collusion, where one firm in the market sets the price and other firms follow
suit

(ಹ) cartel (B) giffen good
(C) price leadership (D) price taker

A form of intertemporal price discrimination in which peak users pay more than off-peak users
because marginal cost is higher during peak periods

(ಹ) Peak-load pricing ‏زط‎ peak-load effect

(ಲ) peak-load consumption (D) none of the above

Segmented labour markets imply :
(ಹ) labour discrimination
(B) Labour paid wage less than MRP
(C) MP theory of wage fails to determine market outcomes
(D) Equality of wages of different types of labour
11100 ೦೫ (70 80010 15 1700710087

In India those farmers are called Marginal Farmers' who hold land upto :

(A) 1 hectare (B) 2 00008705
(C) 3 hectares (D) 4 hectares
9 012/2018

[P.T.O.]