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

Explanation:

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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.

Explanation:

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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

Explanation:

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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:

Short run marginal cost curve cuts the average variable cost curve from _______ at the minimum point of average variable cost.

A) top	B) below
C) right	D) left

Answer & Explanation Answer: B) below

Explanation:

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Q:

If quantity of good X demanded increases from 4000 units to 5000 units when price of good Y increases from Rs 75 to Rs 90, find Arc Cross elasticity of demand?

A) 0.55	B) 1.66
C) 0.25	D) 1.22

Answer & Explanation Answer: D) 1.22

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Q:

Who is the only Indian economist to have won the Nobel prize?

A) Avinash Dixit	B) Amit Mishra
C) Amartya Sen	D) Abhijit Banerjee

Answer & Explanation Answer: C) Amartya Sen

Explanation:

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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

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