Questions

Q:

Calculate a country's GDP if for the year, consumer spending is $400 million, government spending is $150 million, investment by businesses is $80 million, exports are $35 million and imports are $40 million.

A) $625 million B) $465 million
C) $475 million D) $635 million
 
Answer & Explanation Answer: A) $625 million

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Q:

Increase in the demand for a good will cause the equilibrium price of the good to ________ and the equilibrium quantity to _________.

A) increase; increase B) decrease; decrease
C) increase; decrease D) decrease; increase
 
Answer & Explanation Answer: A) increase; increase

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Q:

If a perfectly competitive firm can increase its profits by increasing its output, then that firm's product's _____.

A) price exceeds its marginal costs B) price exceeds its average total costs
C) average variable costs exceed its average total costs D) fixed costs are zero
 
Answer & Explanation Answer: A) price exceeds its marginal costs

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Q:

The market for sugar is in equilibrium. If the supply of sugar increases, the equilibrium price of sugar will ________ and the equilibrium quantity will _________.

A) increase; increase B) decrease; decrease
C) increase; decrease D) decrease; increase
 
Answer & Explanation Answer: D) decrease; increase

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Q:

Which of the following scientists gave the law that governs the force of attraction/repulsion between two charged particles?

A) Charles Dufay B) Michael Faraday
C) Archimedes D) Charles Coulomb
 
Answer & Explanation Answer: D) Charles Coulomb

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Filed Under: Chemistry
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Q:

The maximum number of electrons that can be accommodated in a shell is indicated by the formula

A) 2n-2 B) 2n3
C) 2n D) 2n2
 
Answer & Explanation Answer: D) 2n2

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Q:

Acacia arabica is the scientific name of

A) Neem B) Teak
C) Babhul D) Pomegranate
 
Answer & Explanation Answer: C) Babhul

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Q:

Who is the author of "Our Impossible Love"?

A) Preeti Shenoy B) Ravinder Singh
C) Keshav Aneel D) Durjoy Datta
 
Answer & Explanation Answer: D) Durjoy Datta

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