The basic problem studied in Macro - Economics is (1) production of income (2) usage of income (3) flow of income (4) distribution of income

The basic problem studied in Macro - Economics is (1) production of income (2) usage of income (3) flow of income (4) distribution of income
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 production of income
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The basic problem studied in Macro - Economics is - (1) production of income (2) usage of income (3) flow of income (4) distribution of income

Description : The basic problem studied in Macro - Economics is - (1) production of income (2) usage of income (3) flow of income (4) distribution of income

Last Answer : (1) production of income Explanation: Macroeconomics involves the sum total of economic activity, dealing with the issues such as production of national income, growth, inflation, and unemployment. It is all about is about maximizing national income and growth.

Externality theory is the basic theory of the following branch of Economics: (1) Environomics (2) Fiscal Economics (3) International Economics (4) Macro Economics

Description : Externality theory is the basic theory of the following branch of Economics: (1) Environomics (2) Fiscal Economics (3) International Economics (4) Macro Economics

Last Answer : (1) Environomics Explanation: In economics, an externality is a cost or benefit which results from an activity or transaction and which affects an otherwise uninvolved party who did not choose ... a classic case of an externality. Externality theory forms the basic theory of environmental economics.

The principle of maximum social advantage is the basic principle of - (1) Micro Economics (2) Macro Economics (3) Fiscal Economics (4) Environmental Economics

Description : The principle of maximum social advantage is the basic principle of - (1) Micro Economics (2) Macro Economics (3) Fiscal Economics (4) Environmental Economics

Last Answer : (3) Fiscal Economics Explanation: The 'Principle of Maximum Social Advantage', introduced by British economist Hugh Dalton, is the fundamental principle of Public Finance which implies that all ... problems related to government taxation and spending, it comes under the domain of fiscal economics.

Externality theory is the basic theory of the following branch of Economics: (1) Environomics (2) Fiscal Economics (3) International Economics (4) Macro Economics

Description : Externality theory is the basic theory of the following branch of Economics: (1) Environomics (2) Fiscal Economics (3) International Economics (4) Macro Economics 

Last Answer : Environomics

The principle of maximum social advantage is the basic principle of (1) Micro Economics (2) Macro Economics (3) Fiscal Economics (4) Environmental Economics

Description : The principle of maximum social advantage is the basic principle of (1) Micro Economics (2) Macro Economics (3) Fiscal Economics (4) Environmental Economics

Last Answer : Fiscal Economics

The book which is at the centrepiece of the study of Macro - Economics was written by - (1) Prof. Samuelson (2) Prof. J.M. Keynes (3) Prof. Benham (4) Prof. Baumol

Description : The book which is at the centrepiece of the study of Macro - Economics was written by - (1) Prof. Samuelson (2) Prof. J.M. Keynes (3) Prof. Benham (4) Prof. Baumol

Last Answer : (2) Prof. J.M. Keynes Explanation: J.M. Keynes's magnum opus, The General Theory of Employment, Interest and Money' is often viewed as the foundation of modern macroeconomics. Macroeconomics ... , structure, behavior, and decision-making of an economy as a whole, rather than individual markets.

Price theory is also known as - (1) Macro Economics (2) Development Economics (3) Public Economics (4) Micro Economics

Description : Price theory is also known as - (1) Macro Economics (2) Development Economics (3) Public Economics (4) Micro Economics

Last Answer : (4) Micro Economics Explanation: Price theory is also known as micro economics and is concerned with the economic behaviour of individual consumers, producers and resource owners. Prof. Leftwich ... owners to business firms with their evaluation and with their allocation among alternative uses."

The term 'Macro Economics' was used by _______. (1) J.M. Keynes (2) Ragner Frisch (3) Ragner Nurkse (4) Prof. Knight

Description : The term 'Macro Economics' was used by _______. (1) J.M. Keynes (2) Ragner Frisch (3) Ragner Nurkse (4) Prof. Knight

Last Answer : (2) Ragner Frisch Explanation: Ragnar Frisch coined the widelyused term pair macroeconomics/ microeconomics in 1933. He was a Norwegian economist and the co-recipient of the first Nobel Memorial Prize in Economic Sciences in 1969. Fie is known for having founded the discipline of econometrics.

The terms "Micro Economics" and "Macro Economics" were coined by - (1) Alfred Marshall (2) Ragner Nurkse (3) Ragner Frisch (4) J.M. Keynes

Description : The terms "Micro Economics" and "Macro Economics" were coined by - (1) Alfred Marshall (2) Ragner Nurkse (3) Ragner Frisch (4) J.M. Keynes

Last Answer : (3) Ragner Frisch Explanation: The terms microeconomics and macroeconomics were coined by Professor Ragnar Frisch of Oslo University for the first time in 1933 and since then they gained popularity and ... number of significant advances in the field of economics and coined a number of new words.

Which is the basically a decision making science ? a. Farm management b. Macro economics c. Micro economics d. None of these

Description : Which is the basically a decision making science ? a. Farm management b. Macro economics c. Micro economics d. None of these

Last Answer : a. Farm management

The term ‘Macro Economics’ was used by __________ . (1) J.M. Keynes (2) Ragner Frisch (3) Ragner Nurkse (4) Prof. Knight

Description : The term ‘Macro Economics’ was used by __________ . (1) J.M. Keynes (2) Ragner Frisch (3) Ragner Nurkse (4) Prof. Knight

Last Answer : Ragner Frisch

The book which is at the centrepiece of the study of Macro - Economics was written by (1) Prof. Samuelson (2) Prof. J.M. Keynes (3) Prof. Benham (4) Prof. Baumol

Description : The book which is at the centrepiece of the study of Macro - Economics was written by (1) Prof. Samuelson (2) Prof. J.M. Keynes (3) Prof. Benham (4) Prof. Baumol

Last Answer : Prof. J.M. Keynes

The terms “Micro Economics” and “Macro Economics” were coined by (1) Alfred Marshall (2) Ragner Nurkse (3) Ragner Frisch (4) J.M. Keynes

Description : The terms “Micro Economics” and “Macro Economics” were coined by (1) Alfred Marshall (2) Ragner Nurkse (3) Ragner Frisch (4) J.M. Keynes

Last Answer : Ragner Frisch 

Price theory is also known as (1) Macro Economics (2) Development Economics (3) Public Economics (4) Micro Economics

Description : Price theory is also known as (1) Macro Economics (2) Development Economics (3) Public Economics (4) Micro Economics 

Last Answer : Micro Economics

Which of these are outside the domain of macro economics (a) Consumer behavior ; (b) National income ; (c) Economic growth; (d) Balance of payment and trade

Description : Which of these are outside the domain of macro economics (a) Consumer behavior ; (b) National income ; (c) Economic growth; (d) Balance of payment and trade 

Last Answer : (a) Consumer behavior ;

How would you solve this macro economics problem?

Description : How would you solve this macro economics problem?

Last Answer : I can’t read it could you type it out?

What is the term in economics for the consumption of fixed capital? a) Investment b) Value added c) Production flow d) Depreciation

Description : What is the term in economics for the consumption of fixed capital? a) Investment b) Value added c) Production flow d) Depreciation

Last Answer : d) Depreciation

'Gresham's Law' in Economics relates to (1) supply and demand (2) circulation of currency (3) consumption of supply (4) distribution of goods and services

Description : 'Gresham's Law' in Economics relates to (1) supply and demand (2) circulation of currency (3) consumption of supply (4) distribution of goods and services

Last Answer : (2) circulation of currency Explanation: Gresham's law is an economic principle that states: "When a government compulsorily overvalues one type of money and undervalues another, the undervalued money will leave ... will flood into circulation." It is commonly stated as: "Bad money drives out good."

In my task manager tab my Disk and Memory usage tends to be high what parts should I upgrade to fix this I have a basic motherboard might that be the problem?

Description : In my task manager tab my Disk and Memory usage tends to be high what parts should I upgrade to fix this I have a basic motherboard might that be the problem?

Last Answer : It might not be just a hardware issue. First - see what programs are running in the background - and stop any that are unnecessary. Once that's sorted - look at increasing your hardware's capabilities. The main ... 10 - with an 'emulator' to make it look like Windows 8 (I liked the Win 8 interface).

What is the difference between Micro and Macro Economics?

Description : What is the difference between Micro and Macro Economics?

Last Answer : Microeconomics is the study of decisions that people and businesses make regarding the allocation of resources and prices of goods and services. This means also taking into account taxes and regulations ... is affected by changes in unemployment, national income, rate of growth, and price levels.

The terms Micro economic and Macro economics were coined by (a) Professor A Samulson ; (b) Giffen ; (c) Prof. Ragner Frisch ; (d) Eagle

Description : The terms Micro economic and Macro economics were coined by (a) Professor A Samulson ; (b) Giffen ; (c) Prof. Ragner Frisch ; (d) Eagle

Last Answer : (c) Prof. Ragner Frisch ;

Basic infrastructure facilities in Economics are known as : (1) Human capital (2) Physical capital (3) Social overheads capital (4) Working capital

Description : Basic infrastructure facilities in Economics are known as : (1) Human capital (2) Physical capital (3) Social overheads capital (4) Working capital

Last Answer : (3) Social overheads capital Explanation: Social overheads capital is the capital spent on social infrastructure, such as schools, universities, hospitals, libraries. They are capital goods of ... government. Examples of social overhead capital include roads, schools, hospitals, and public parks.

Basic infrastructure facilities in Economics are known as : (1) Human capital (2) Physical capital (3) Social overheads capital (4) Working capital

Description : Basic infrastructure facilities in Economics are known as : (1) Human capital (2) Physical capital (3) Social overheads capital (4) Working capital

Last Answer :  Social overheads capital

Micro-economics is also called : (1) Income theory (2) Investment theory (3) Price theory (4) Expenditure theory

Description : Micro-economics is also called : (1) Income theory (2) Investment theory (3) Price theory (4) Expenditure theory

Last Answer : (3) Price theory Explanation: Microeconomics is the branch of economics concerned with isolated parts of the economy, for example, individual people, firms or industries. It involves such topics as the theory of prices and of the firm.

In terms of economics, what is an "externality"•? a) Benefits or harm caused by a firm without payment/penalty b) Net income from foreign countries c) Total exports by a country in a given year d) None of the above

Description : In terms of economics, what is an "externality"•? a) Benefits or harm caused by a firm without payment/penalty b) Net income from foreign countries c) Total exports by a country in a given year d) None of the above

Last Answer : a) Benefits or harm caused by a firm without payment/penalty

Micro-economics is also called : (1) Income theory (2) Investment theory (3) Price theory (4) Expenditure theory

Description : Micro-economics is also called : (1) Income theory (2) Investment theory (3) Price theory (4) Expenditure theory

Last Answer : Price theory

Economics classifies the manmade instrument of production as: (1) Organization (2) Capital (3) equipment (4) labour

Description : Economics classifies the manmade instrument of production as: (1) Organization (2) Capital (3) equipment (4) labour

Last Answer : (2) Capital Explanation: Some economists have classified factors into two categories, land and labour (or nature and man) on the ground that they are the only original or primary factors. ... . However, other economists include all man-made instruments for production in the category of Capital.

In Economics, production means - (1) manufacturing (2) making (3) creating utility (4) farming

Description : In Economics, production means - (1) manufacturing (2) making (3) creating utility (4) farming

Last Answer : (3) creating utility Explanation: All factors of production like land, labour, capital and entrepreneur are required in combination at a time to produce a commodity. Production means creation or an ... 'inputs' or 'resources') are any commodities or services used to produce goods and services.

Economics classifies the manmade instrument of production as : (1) organization (2) capital (3) equipment (4) labour

Description : Economics classifies the manmade instrument of production as : (1) organization (2) capital (3) equipment (4) labour

Last Answer : capital

In Economics, production means (1) manufacturing (2) making (3) creating utility (4) farming

Description : In Economics, production means (1) manufacturing (2) making (3) creating utility (4) farming

Last Answer : creating utility

Can supply-side economics resolve a demand-side economic problem?

Description : Can supply-side economics resolve a demand-side economic problem?

Last Answer : answer:@ETpro, in researching your links (and doing a little more research on my own), I found it interesting that both demand-side and supply-side supporters reach as far back as James Hamilton (first US ... short, you have the Great Society of LBJ. Too bad that was derailed by the war in Vietnam

The problem of Economics arises from (1) Plenty (2) Scarcity of goods (3) More wants and less goods (4) All of the above

Description : The problem of Economics arises from (1) Plenty (2) Scarcity of goods (3) More wants and less goods (4) All of the above

Last Answer : (3) More wants and less goods Explanation: The theory of Economic problem states that there is scarcity, or that the finite resources available are insufficient to satisfy all human wants and needs. ... economic problem is the choice one must make, arising out of limited means and unlimited wants.

The problem of Economics arises from (1) Plenty (2) Scarcity of goods (3) More wants and less goods (4) All of the above

Description : The problem of Economics arises from (1) Plenty (2) Scarcity of goods (3) More wants and less goods (4) All of the above

Last Answer : More wants and less goods

If people's income of a country is denoted in a curved line space that it has increased, then what does it denote? (1) the income is increasing (2) the income is decreasing (3) dissimilarity is decreasing in income distribution (4) dissimilarity in income distribution is increasing

Description : If people's income of a country is denoted in a curved line space that it has increased, then what does it denote? (1) the income is increasing (2) the income is decreasing (3) dissimilarity is decreasing in income distribution (4) dissimilarity in income distribution is increasing

Last Answer : (3) dissimilarity is decreasing in income distribution Explanation: It shows inequality in income distribution. Inequality indices can also be derived directly from the Lorenz curve. Perhaps the most commonly- ... by the Lorenz curve and the perfect equality line to the total area below that line.

A rising Per Capita Income will indicate a better welfare if it is accompanied by - (1) unchanged Income distribution overall. (2) changed Income distribution in favour of rich. (3) changed Income distribution in favour of poor. (4) changed Income disribution in favour of Industrial Labour.

Description : A rising Per Capita Income will indicate a better welfare if it is accompanied by - (1) unchanged Income distribution overall. (2) changed Income distribution in favour of rich. (3) changed Income distribution in favour of poor. (4) changed Income disribution in favour of Industrial Labour.

Last Answer : (3) changed Income distribution in favour of poor. Explanation: Per capita income has lately been viewed as a better determinant of economic development and welfare. However, high inequality can still ... no quarters deprived as after all, economic welfare is a part and parcel of social welfare.

Lorenz curve shows - (1) Inflation (2) Unemployment (3) Income distribution (4) Poverty

Description : Lorenz curve shows - (1) Inflation (2) Unemployment (3) Income distribution (4) Poverty

Last Answer : (3) Income distribution Explanation: In economics, the Lorenz curve is a graphical representation of the distribution of income or of wealth. It was developed by Max O. Lorenz in 1905 for ... of wealth distribution; the Lorenz curve lies beneath it, showing the reality of wealth distribution.

The existence of a Parallel Economy or Black Money - (1) makes the economy more competitive (2) makes the monetary policies less effective (3) ensures a better distribution of income and wealth (4) ensures increasing productive investment

Description : The existence of a Parallel Economy or Black Money - (1) makes the economy more competitive (2) makes the monetary policies less effective (3) ensures a better distribution of income and wealth (4) ensures increasing productive investment

Last Answer : (2) makes the monetary policies less effective Explanation: In India, Black money refers to funds earned on the black market, on which income and other taxes has not been paid. Black money ... a policy. So, in nutshell, the existence of parallel economy erodes the effectiveness of monetary policies.

The study of factor pricing is alternatively called the theory of - (1) functional distribution (2) personal distribution (3) income distribution (4) wealth distribution

Description : The study of factor pricing is alternatively called the theory of - (1) functional distribution (2) personal distribution (3) income distribution (4) wealth distribution

Last Answer : (1) functional distribution Explanation: In economics, the study of factor pricing is related to the theory of functional distribution which attempts to explain the prices of land, labour, and capital. It ... for land, labour, and capital as derived demand, stemming from the demand for final goods.

The existence of a parallel economy or Black Money - (1) makes the economy more competitive (2) makes the monetary policies less effective (3) ensures a better distribution of income and wealth (4) ensures increasing productive investment

Description : The existence of a parallel economy or Black Money - (1) makes the economy more competitive (2) makes the monetary policies less effective (3) ensures a better distribution of income and wealth (4) ensures increasing productive investment

Last Answer : (2) makes the monetary policies less effective Explanation: The existence of black money is injurious not just for tax revenues. It distorts the systematic resource allocation process and upsets the ... . So the existence of black money erodes the very rationale of growth behind monetary policies.

The theory of distribution relates to which of the following? (1) The distribution of assets (2) The distribution of income (3) The distribution of factor payments (4) Equality in the distribution of the income and wealth

Description : The theory of distribution relates to which of the following? (1) The distribution of assets (2) The distribution of income (3) The distribution of factor payments (4) Equality in the distribution of the income and wealth

Last Answer : (4) Equality in the distribution of the income and wealth Explanation: In economics, distribution theory is the systematic attempt to account for the sharing of the national income among ... production? Third, how is the national income distributed proportionally among the factors of production?

The existence of a Parallel Economy or Black Money (1) makes the economy more competitive (2) makes the monetary policies less effective (3) ensures a better distribution of income and wealth (4) ensures increasing productive investment

Description : The existence of a Parallel Economy or Black Money (1) makes the economy more competitive (2) makes the monetary policies less effective (3) ensures a better distribution of income and wealth (4) ensures increasing productive investment

Last Answer : makes the monetary policies less effective

If people’s income of a country is denoted in a curved line space that it has increased, then what does it denote? (1) the income is increasing (2) the income is decreasing (3) dissimilarity is decreasing in income distribution (4) dissimilarity in income distribution is increasing

Description : If people’s income of a country is denoted in a curved line space that it has increased, then what does it denote? (1) the income is increasing (2) the income is decreasing (3) dissimilarity is decreasing in income distribution (4) dissimilarity in income distribution is increasing

Last Answer :  dissimilarity is decreasing in income distribution

Lorenz curve shows (1) Inflation (2) Unemployment (3) Income distribution (4) Poverty

Description : Lorenz curve shows (1) Inflation (2) Unemployment (3) Income distribution (4) Poverty

Last Answer : Income distribution

A rising Per Capita Income will indicate a better welfare if it is accompanied by (1) unchanged Income distribution overall. (2) changed Income distribution in favour of rich. (3) changed Income distribution in favour of poor. (4) changed Income disribution in favour of Industrial Labour.

Description : A rising Per Capita Income will indicate a better welfare if it is accompanied by (1) unchanged Income distribution overall. (2) changed Income distribution in favour of rich. (3) changed Income distribution in favour of poor. (4) changed Income disribution in favour of Industrial Labour. 

Last Answer : changed Income distribution in favour of poor. 

The study of factor pricing is alternatively called the theory of (1) functional distribution (2) personal distribution (3) income distribution (4) wealth distribution

Description : The study of factor pricing is alternatively called the theory of (1) functional distribution (2) personal distribution (3) income distribution (4) wealth distribution

Last Answer : functional distribution

The theory of distribution relates to which of the following? (1) The distribution of assets (2) The distribution of income (3) The distribution of factor payments (4) Equality in the distribution of the income and wealth

Description : The theory of distribution relates to which of the following? (1) The distribution of assets (2) The distribution of income (3) The distribution of factor payments (4) Equality in the distribution of the income and wealth

Last Answer :  Equality in the distribution of the income and wealth

Reema and Rahul studied about calculation of BMI in their school. They are keen to know the BMI of their domestic maid servant whose weight is 61 and height is 5 feet. Can you help them in knowing that if she is: a. Underweight b. Overweight c. Normal d. None of the above

Description : Reema and Rahul studied about calculation of BMI in their school. They are keen to know the BMI of their domestic maid servant whose weight is 61 and height is 5 feet. Can you help them in knowing that if she is: a. Underweight b. Overweight c. Normal d. None of the above

Last Answer : b. Overweight

Reema and Rahul studied about calculation of BMI in their school. They are keen to know the BMI of their domestic maid servant whose weight is 61 and height is 5 feet. Can you help them in knowing that if she is: a. Underweight b. Overweight c. Normal d. None of the above

Description : Reema and Rahul studied about calculation of BMI in their school. They are keen to know the BMI of their domestic maid servant whose weight is 61 and height is 5 feet. Can you help them in knowing that if she is: a. Underweight b. Overweight c. Normal d. None of the above

Last Answer : b. Overweight

Macroeconomics as a separate branch came to be studied after thecontributions of which economist?a) Adam Smithb) John Maynard Keynesc) F. Hayekd) Samuelson

Description : Macroeconomics as a separate branch came to be studied after thecontributions of which economist? a) Adam Smith b) John Maynard Keynes c) F. Hayek d) Samuelson

Last Answer : b) John Maynard Keynes John Maynard Keynes's 1936 book, 'The General Theory of Employment, Interest, and Money' laid the foundations for Macroeconomics

Impact of change in demand in one sector on other sectors is studied by A.General equilibrium B.Partial equilibrium C.Both (a) and (b) D.None of these

Description : Impact of change in demand in one sector on other sectors is studied by A.General equilibrium B.Partial equilibrium C.Both (a) and (b) D.None of these

Last Answer : A.General equilibrium