_______ results in increased production.

(a)

Labour

(b)

Labourer

(c)

Division of Labour

(d)

None

A change in the quantity supplied is a response to a change in the price is called __

(a)

Elasticity of supply

(b)

Elasticity of demand

(c)

Concept of Elasticity

(d)

Unitary Elastic of supply

___________refers to the quantity of goods or services that consumers are willing and able to purchase / buy at a given period of time.

(a)

Supply

(b)

Demand

(c)

Utility

(d)

Surplus.

A firm under monopoly can earn ________ in the short run

(a)

Normal profit

(b)

Loss

(c)

Super normal profit

(d)

More loss

These are _____ degrees of price discrimination.

(a)

One degree

(b)

Two degrees

(c)

Three degrees

(d)

Four degrees

________________  plays a key role in maximizing the growth prospects in the country.

(a)

physical capital

(b)

Money capital

(c)

Human capital

(d)

None

Green Revolution started in India _________

(a)

1950

(b)

1960

(c)

1980

(d)

1990

Financial sector reforms mainly related to____

(a)

Insurance sector

(b)

Banking sector

(c)

Both a and b

(d)

Transport sector

Fixed cost is the _____ term in cost function represented in mathematical form

(a)

Middle

(b)

Price

(c)

Quantity

(d)

Constant

If X = -50 + 10P, then it is a _________ function

(a)

demand

(b)

supply

(c)

Identity

(d)

constant