Important One Liner Economics 500 Question

by Mr. DJ
Important One Liner Economics 500 Question – Gk By Mr. DJ
    1. What is the market with large number of big firms – oligopoly
    2. In which market conditions firms are dominant – monopolistic competition
    3. When complete market conditions exist – when there are a large number of buyers and sellers.
    4. Firms are often price takers under the full competitive market
    5. When a firm’s equilibrium will be determined under full competition – Marginal power > Average cost
    6. Who determines the equilibrium price in the market- Equality between marginal cost and marginal revenue.
    7. Who supported the notion of division of labor- Smith
    8. Don’t take interest in building a privately-based structure because – it takes a long time to get its return.
    9. Gold is mainly related to- international market
    10. Which region pays the highest tax – industrial sector
    11. Blue and White Revolution are associated with- Fishing and Dairy Industry
    12. Who are the Golden Revolution related to – Horticulture and Beekeeping.
    13. In economics, equilibrium means equal balance
    14. SEZ stands for- Special Economic Zone
    15. An Information Technology Special Economic Zone Next Zone is being set up – in Panvel, Maharashtra
    16. When there is a change in the price of a commodity, its demand does not change. What demand will it be called – completely inelastic
    17. What happens when the productivity of labor increases – the labor demand curve shifts to the right.
    18. What will happen to the tax rates during the time of inflation – increase
    19. To what does marginal cost equal- change in total cost divided by volume variable
    20. The need to generate demand- Income
    21. According to the scale, the law of consideration is a notion of long- run production.
    22. Internal rate of return – equals the present value of benefits equal to the present value of costs.
    23. The incremental return rule means loss of cost.
    24. The third condition of the variable ratio rule is called – negative consideration.
    25. If there is a proportional change in the product due to change in all the investments, then it becomes a matter related to – Fixed Return in Scale

Polity 500 One Liner Questions And Answers

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