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In Prisoners Dilemma, both the prisoners are interrogated:

A. Separately in different cells

B. Collectively in different cells

C. Collectively in same cell

D. Separately in same cell

Correct Answer : A.


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  1. The difference between accounting profits and economic profits is:
  2. In Edgeworth model, prices oscillate between:
  3. The Law of Equi-Marginal Utility refers to:
  4. An economic theory is :
  5. If a person behaves against the laws of economics then:
  6. If we measure the elasticity of demand with the help of the average and marginal revenue, the formula…
  7. In dominant price leadership model, the small firms are like:
  8. Of the following, which one corresponds to fixed cost?
  9. The line from the origin to a point on an isoquant shows:
  10. Who introduced the concept of Elasticity of Demand into economic theory?
  11. Robbins definition of economics was criticised by:
  12. The relationship between price effect, income effect and substitution effect is:
  13. Price elasticity of demand can be measured in the following way:
  14. Cross-elasticity of demand or cross-price elasticity between two substitutes will be:
  15. The demand of the necessities is:
  16. A dominant strategy can best be described as:
  17. A decrease in demand lowers the price the most:
  18. Perfect competition assumes:
  19. The good will highest income elasticity is:
  20. The fixed cost of a firm:
  21. Which form of market structure is characterized by interdependence in decision-making as between the…
  22. The law of Diminishing Marginal Utility implies that the marginal utility of a good decreases as:
  23. The Hicksian demand curve includes:
  24. The monopolist often lead to exploitation of:
  25. The study of economic theory for the sake of certain objective is called:
  26. Rent is a creation of value, not of wealth who made this observation?
  27. Microeconomics is also known as:
  28. The number of sellers in oligopoly is:
  29. According to Cobb-Douglas, in production function the marginal product of labor is:
  30. Which of the following statement is wrong?