A country is advised to devalue (reduce external value of) its currency only when its exports face:
Inelastic demand in foreign markets
Elastic demand in foreign markets
Unit elastic demand in foreign markets
None of the above
- A mixed economy is characterized by the coexistence of:
- All money costs can be regarded as:
- Ordinal approach includes arranging:
- In the long-run competitive equilibrium:
- Marginal cost is always:
- Marginal utility is only meant for:
- If two goods are perfect substitutes then IC will be:
- A monopolist will fix the equilibrium output of his product where the elasticity of his average revenue…
- The game theory is concerned with:
- The elasticity of demand is equal to slope of demand function divided by:
- Which of the following is not characteristic of perfect competition?
- Conditions of perfect competition ensure:
- When elasticity of demand is less than one (e
- The Law of Diminishing Marginal Returns can be explained in terms of:
- MC is given by:
- A monopolist:
- According to Chamberlin, the activity of a monopolistic competitive firm:
- If the demand curve is horizontal then its slope is:
- Demand for a commodity is elastic when it has
- MC curve is:
- In non-collusive oligopoly firms enter into:
- Which of the following formulae explain the term average revenue?
- When the consumer is in equilibrium not only his income is fully spent, but the ratio of marginal utility…
- If less is demanded at the same price or same quantity demanded at a lower price, it is a case of:
- Who formulated the Post-Keynsian Theory of Distribution and Growth?
- Which is not an essential feature of a socialist economy?
- Elasticity of Substitution (s) is defined as:
- According to translog production function, elasticity of substitution is:
- Most of the supply curves with which the average consumer deals are:
- Price elasticity of demand can be measured in the following way: