Questions

Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand B) Substitution effect
C) Problem of choice D) Optimal choice
 
Answer & Explanation Answer: B) Substitution effect

Explanation:
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Q:

Which law states that bad money drives good money out of circulation?

A) Wagner's law B) Grimm's law
C) Gresham's law D) Keynes' law
 
Answer & Explanation Answer: C) Gresham's law

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Q:

Which of the following vitamins help in the absorption of calcium?

A) Vitamin A B) Vitamin D
C) Vitamin B D) Vitamin C
 
Answer & Explanation Answer: B) Vitamin D

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Q:

The law of demand states that

A) if the price of a good increases, the demand for that good decreases. B) if the price of a good increases, the the demand for that good increases.
C) if the price of a good increases, the quantity demanded of that good decreases. D) if the price of a good increases, the quantity demanded of that good increases.
 
Answer & Explanation Answer: C) if the price of a good increases, the quantity demanded of that good decreases.

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Q:

The average variable cost curve is ____ shaped.

A) U B) V
C) X D) W
 
Answer & Explanation Answer: A) U

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Q:

Economic sanctions are mainly used to

A) to help international trade run smoothly. B) punish nations that disobey international law
C) to impose tariffs on vehicles at the border D) all the above
 
Answer & Explanation Answer: B) punish nations that disobey international law

Explanation:

A sanction is a punishment imposed on another nation, or on individual natives of another nation.


Economic sanctions are characterized as the withdrawal of standard exchange and money related relations for outside and security strategy purposes. They might be extensive, denying business movement as to a whole nation,...

 

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Q:

The pH value increase from 7 to 14 represents a

A) decrease in H+ ion concentration B) decrease in OH- ion concentration
C) increase in OH- ion concentration D) increase in H+ ion concentration
 
Answer & Explanation Answer: C) increase in OH- ion concentration

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Q:

Who established Mahabalipuram?

A) Pandya B) Pallava
C) Chalukya D) Chola
 
Answer & Explanation Answer: B) Pallava

Explanation:

Mahabalipuram was established by Pallava king Narasimhavarman I.

 

 

Narasimha_Varman_I_-_mahabalipuram_was_established_by1600689466.jpg image

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