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Q:

The long run aggregate supply curve is vertical because

A) there is no cyclical inflation B) potential GDP is low
C) at full employment prices are stable D) all of the above
 
Answer & Explanation Answer: C) at full employment prices are stable

Explanation:

The long-run aggregate supply curve is vertical because it is at the full-employment or potential output. Because the economy's potential output is determined by the availability and productivity of real resources, not by the price level. That means that even if demand increases, firms can't hire new workers and expand because everyone is already working.

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Filed Under: Indian Economy
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Q:

Which organization is responsible for regulating tobacco?

A) FDA B) FCC
C) FBI D) FTC
 
Answer & Explanation Answer: A) FDA

Explanation:

FDA - Food and Drug Administration is the organization that is responsible for regulating tobacco. This right was given in the year 2009.

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Filed Under: World Organisations
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Q:

Acceleration is the rate of change of

A) Speed B) Velocity
C) Jerk D) Jounce
 
Answer & Explanation Answer: B) Velocity

Explanation:

The rate of change of velocity is called as Acceleration.

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Filed Under: Physics
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Q:

A hard copy of a document is

A) stored in a pen drive B) read in floppy disc
C) printed on printer D) stored in hard disc
 
Answer & Explanation Answer: C) printed on printer

Explanation:

A hard copy of a document is a physical object which is printed on printer.

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Filed Under: Computer
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Q:

Which is the least populous state in India as per Census2011? 

A) Goa B) Mizoram
C) Bihar D) Sikkim
 
Answer & Explanation Answer: D) Sikkim

Explanation:

As per Census2011, Sikkim state is the least populous state in India with 610543 population.

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Filed Under: Indian Geography
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Q:

Oligopolistic industries are characterized by

A) a few dominant firms and no barriers to entry B) a large number of firms and low entry barriers
C) a few dominant firms and substantial entry barriers D) a few dominant firms and low entry barriers
 
Answer & Explanation Answer: C) a few dominant firms and substantial entry barriers

Explanation:

Oligopoly is market structure where a small number of large firms are there. Oligopolistic industries are characterized by a few dominant firms and substantial entry barriers.

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Filed Under: Business Awareness
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Q:

Hard Drive capacity is measured in

A) Newton B) GB
C) THz D) Gwallior
 
Answer & Explanation Answer: B) GB

Explanation:

Hard drive or disc is used to store the users information and its capacity is measured in Giga Bytes (GB) and Tera Bytes (TB).

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Filed Under: Computer
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Q:

Radiocarbon dating technique is used to estimate the age of

A) fossils B) rocks
C) monuments D) soil
 
Answer & Explanation Answer: A) fossils

Explanation:

Radiocarbon dating also referred to as carbon dating or carbon-14 dating is a method for determining the age of an object containing organic material by using the properties of radiocarbon, a radioactive isotope of carbon.

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Filed Under: Physics
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