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The study of economics just in theoretical way is called:

A. Positive Economics

B. Normative Economics

C. Micro Economics

D. Development Economics

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

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  1. On an indifference map higher indifference curves show:
  2. In 1932, The nature and significance of economic science was written by:
  3. Karl Marx:
  4. The central problem of economics is:
  5. Identify the factor, which generally keeps the price elasticity of demand for a commodity low:
  6. In arriving at stable equilibrium in cournot model, if one firm decreases output the other firm will:
  7. The shape of the TC curve is:
  8. Which of the following does not have a uniform elasticity of demand at all points?
  9. When price decreases and with it the total outlay on a commodity also decreases, it is a case of:
  10. A maximin strategy:
  11. In the case where two commodities are good substitutes then cross elasticity will be:
  12. Consumer surplus is the difference between
  13. If the factors have to be employed in a fixed ratio, then the elasticity of substitution under Leontief…
  14. The difference between laws of return and laws of return to scale is:
  15. By saying that monopolist create a contrived scarcity, economist mean that monopolist:
  16. Kinked Demand Curve is consistent with which one of the following market situations?
  17. Law of Diminishing Marginal Utility is practically untrue because:
  18. The situation in between the extremes of the govt. controlled, planned economy and the perfectly free,…
  19. Which of the following is not an explicit cost of production?
  20. Used cars are sold in:
  21. Firms average and marginal revenues are equal under:
  22. The game theory takes into consideration:
  23. Least cost combination of two factor inputs is achieved at a point where:
  24. The kink demand curve faced by an oligopolist is based on the assumption that:
  25. If a straight line supply curve makes an intercept on the X-axis, the elasticity of supply is:
  26. In microeconomics, we study:
  27. The slope of marshallian demand curve is:
  28. If the commodity is inferior then the Income Effect (I.E) and the Substitution Effect (S.E):
  29. Cartel is associated with:
  30. With the decrease in marginal valuation of a specific commodity, the price offered by the people: