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Economics MCQs

Commerce Objective Questions



1212. The elasticity of substitution between two perfect substitutions is
Discussion

1213. Cobb-Douglas production function mainly studies
Discussion

1214. Consider the following statements
I. Money is stock while expenditure is flow
II. Money is stock while income is flow
III. Government debt is stock but interest payment is flow
IV. Credit by banks is flow and total deposits credit are stock
Which of the above statements are correct?
Discussion

1215. The economic cost of input includes
Discussion

1216. The producer's demand for a factor of production is governed by the ____ of the factor.
Discussion

1217. From the following, identify the tools of fiscal policy:
(i) Public expenditure
(ii) Open market operations
(iii) Deficit financing
(iv) Taxation
(v) Reserve requirements
Discussion

1218. At shut down point
Discussion

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