Questions

Q:

__________ is defined as the output per unit of variable input

A) Marginal product B) Production function
C) Total product D) Average product
 
Answer & Explanation Answer: D) Average product

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Q:

If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is zero.

A) Perfect Competition B) Monopoly
C) Oligopoly D) Monopolistic Competition
 
Answer & Explanation Answer: B) Monopoly

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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:

Which of the following best describes monetary policy?

A) Managing the economy by controlling the money supply B) Determining the design printed on the national currency
C) Regulating transactions in the currency exchange market D) Raising and lowering the foreign exchange rate
 
Answer & Explanation Answer: A) Managing the economy by controlling the money supply

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Q:

Who built the Group of Monuments at Mahabalipuram?

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

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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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Q:

If A is 50% more than B, then B is what percent of A?

A) 66.66 B) 33.33
C) 150 D) 75
 
Answer & Explanation Answer: A) 66.66

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Q:

Who propounded the homeopathic principle of 'like cures like'?

A) Hippocrates B) Samuel Hahnemann
C) Samuel Cockburn D) George Vithoulkas
 
Answer & Explanation Answer: B) Samuel Hahnemann

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