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Gold is bought and sold in a:

A. Perfectly competitive international market

B. Perfectly competitive national market

C. Imperfect international market

D. Imperfect national market

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. The normal long-run average cost curve is influenced by the:
  2. If the demand curve is vertical then its slope is:
  3. The production function of homogeneous of degree one (n=1) is also called:
  4. The market demand shedule is determined by:
  5. When AC curve falls, MC curve falls:
  6. The economic problem of determining the combination of inputs yielding lowest cost for producing a given…
  7. In respect of which of the following category of goods is consumers surplus highest?
  8. A budget line shows:
  9. The equilibrium level of output for the pure monopolist is where:
  10. The general markets results from the imposition of price ceilings has been:
  11. If the marginal utility of apples to a consumer exceeds that of bananas then the consumer:
  12. The equilibrium of a firm is determined by the equality of MC and MR in only:
  13. The optimum level of output in long run takes place where:
  14. The firm producing at the minimum point of the AC curve is said to be:
  15. Which of the following conditions is met in the long-run equilibrium in monopolistic competition, where…
  16. In the immediate run:
  17. The law of Diminishing Marginal Utility implies that the marginal utility of a good decreases as:
  18. Which of the following statement is wrong?
  19. According to classical approach, utility can be:
  20. A monopolist has control over the price he charges for his product. He will be able to maximize his…
  21. If the consumers expect that the price of computers will decrease in next year then:
  22. In short run, a firm would remain in business as long as which one of the following of cost is covered?
  23. The Chamberline model recognizes mutual:
  24. Cardinal approach includes arranging:
  25. Demand is elastic when the coefficient of elasticity is:
  26. Total costs are:
  27. The monopolist often lead to exploitation of:
  28. The sufficient condition of firms equilibrium requires:
  29. With elasticity of demand, the:
  30. Which form of market structure is characterized by interdependence in decision-making as between the…