When the market operates without interference, price... - Solved MCQs & Answer

The demand for ice-cream is lower outside of summer causing lower demand for ice-cream salesman if they cannot find other work, this is called ________ unemployment?

Ans: seasonalRead →

MCQ #4257

According the law of diminishing returns?

Ans: The marginal product fall as more units of a variable factor are added to a fixed factorRead →

MCQ #870

Free traders maintain that an open economy is advantageous is that it provides all of the following except?

Ans: Relatively high wages levels for all domestic workersRead →

MCQ #2000

In the equation C = a + bY, which describes the aggregate consumption function ‘b’ stands for?

Ans: The marginal propensity to consume.Read →