MCQOPTIONS
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MCQOPTIONS
This section includes 8 Mcqs, each offering curated multiple-choice questions to sharpen your Bachelor of Business Administration (BBA) knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
The rational entrepreneur will expand his output and select input combinations which lies on his: |
| A. | Isoquant line |
| B. | Ridge line |
| C. | Isoquant line |
| D. | Expansion path |
| Answer» E. | |
| 2. |
The proportionality between the velocity of price movement and the inflationary gap is: |
| A. | Indirect and irregular |
| B. | Direct and linear |
| C. | Irregular and direct |
| D. | Indirect and non-linear |
| Answer» C. Irregular and direct | |
| 3. |
A situation where the firm is not in a position to recover its variable costs at the prevailing prices is known as: |
| A. | Point of inflation |
| B. | Equilibrium point |
| C. | Optimum point |
| D. | None of these |
| Answer» E. | |
| 4. |
Who has suggested the utilization of disguised unemployment as a source of savings potential in underdeveloped countries? |
| A. | W.A Lewis |
| B. | Ragnar Nurkse |
| C. | Gunnar Myrdal |
| D. | K.K Kurihara |
| Answer» C. Gunnar Myrdal | |
| 5. |
If the income and substitution effect of a price increase works in the same direction the good whose price has changed is a |
| A. | giffen goods |
| B. | inferior goods |
| C. | normal goods |
| D. | superior |
| Answer» D. superior | |
| 6. |
When an individual s income falls(while everything else remains the same), his demand for an inferior good: |
| A. | Increases |
| B. | Decrease |
| C. | Remains unchanged |
| D. | We cannot say without additional information |
| Answer» C. Remains unchanged | |
| 7. |
Which of the following models view changes in real supply-side factors as determinants of short-run fluctuations in output and employment? |
| A. | New classical models |
| B. | Political business cycle models |
| C. | Keynesian models |
| D. | Real business cycle models |
| Answer» E. | |
| 8. |
If the price of DVRs fell and as a result the demand for VHS recorders fell we could conclude that VHS recorders DVRs are |
| A. | normal goods |
| B. | substitutes |
| C. | elastic goods |
| D. | unrelated |
| Answer» C. elastic goods | |