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The Purchasing Power Parity (PPP) Theory is presented by:

A. J.M.Keynes

B. E.D.Domar

C. Adam Smith

D. Gustav Cassel

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  1. Technological efficiency:
  2. If X and Y are close substitutes, a rise in the price of X will lead to:
  3. The firm in cournot model:
  4. An increase in the supply of a commodity is caused by:
  5. The elasticity of substitution measures the percentage change in the ratio of inputs when any producer…
  6. The economic problem of determining the combination of inputs yielding lowest cost for producing a given…
  7. Which of the following is not a U shaped curve:
  8. Ordinal approach includes arranging:
  9. Marginal utility (MU) always:
  10. If the demand for good is less elastic and government levied a tax per unit of output, the price per…
  11. In substitution effect, we:
  12. Money spent by a firm on the purchase of capital equipment is:
  13. If Marginal Utility (MU) is zero, then total utility is:
  14. Any straight line supply which cuts the x-axis will have:
  15. Under monopoly and imperfect competition MC is:
  16. With an increase in income, consumer is expected to buy more of:
  17. If the commodities X and Y are perfect substitutes then:
  18. When elasticity of demand is greater than one (e >1), then following the formula MR=P[1-1/e], the MR…
  19. When income of the consumer increases then demand curve of an inferior good:
  20. Indifference curves are downward sloping and are drawn bowed toward the origin (convex to the origin)…
  21. Law of Returns to Scale shows:
  22. Substitution effect means a consumer
  23. The kinked demand curve comes into being where:
  24. On an indifference map higher indifference curves show:
  25. A mixed economy is characterized by the coexistence of:
  26. A good tends to have relatively inelastic demand, if:
  27. A profit-maximizing monopolist in two separate markets will:
  28. A typical demand curve cannot be:
  29. The monopolist often lead to exploitation of:
  30. To get more revenue, a Finance Minister impose tax on that commodity which has: