If a sample survey of the same 100 households is conducted in a particular village, annually for five years, the data so collected will be described as :
If in a distribution mean is 40, mode is 60 and the standard deviation is 10, then the coefficient of skewness will be :
In a multiple linear regression with 4 independent variables, the overall regression’s significance is to be tested. Which test would be used ?
If a sample of 100 is to be taken from a population of 1000 farmers consisting of marginal small and large farmers, which of the following will be the most appropriate sampling method ?
Answer: Stratified random sampling
If the producer pays the price for each of the inputs that is used is equal to its value of Marginal product, then which one of the following does he earn ?
Answer:Zero supernormal profit
In 2016, the Nobel prize in Economics was awarded for :
Answer:contributions to contract theory
Which of the following is not true for perfect competition ?
Answer:Market demand curve for a commodity is horizontal to X-axis
Which amongst the following statements is correct ?
Answer:Minimum of AVC is at larger output than the minimum of MC
A firm in monopolistic competition advertises in order to :
Answer: make the demand for its product less price elastic
Assume that people like onions on their hamburgers. If the supply of hamburgers decreases, the demand for onions will most likely :
Answer:decrease because hamburgers and onions are complements
In the shortrun, which of the following costs must continuously decrease as output increases ?
Answer:Average fixed cost
If export price increases by 5 percent and import price by 20 percent, the commodity terms of trade is :
If economic agents perfectly anticipate policy changes and if all prices, including wages, are completely flexible, which of the following will be true in the long run ?
Answer:There will be no trade - off between inflation and unemployment
Who made the statement, “Inflation is everywhere and always a monetary phenomenon’’ ?
Who argued that Keynes’s theory of equilibrium with involuntary unemployment is a special case of the general equilibrium model, augmented to include money ?