What a period called when there business activity slows down prices and wages falls and unemployment rises?

What a period called when there business activity slows down prices and wages falls and unemployment rises?
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That is a recession.
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An ice block with a piece of lead embedded in it floats in water. If ice melts the water level – (1) Rises (2) Falls (3) Remains same (4) Falls first and them rises

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Last Answer : c. as the price rises, the quantity demanded falls

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Last Answer : c. The marginal physical product falls

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Pick up the incorrect statement from the following: (A) Free surface ground water is subjected to atmospheric pressure (B) Water table surface rises and falls with seasons (C) Depth of water table is directly proportional to the rate of drawl of water (D) Level of water table remains stationary

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Last Answer : (D) All the above 

When a vessel containing a liquid is heated, the level of liquid initially falls and then rises up. Why does it happen so? OR Describe the irregular expansion of liquid.

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Tea and Coffee are perfect substitute of each other, given the price of Tea and Coffee being `100 and `200 per Kg. a consumer is prepared to buy 3 Kg. of each. If the price of tea remain same and the price of Coffee rises to `400 per kg. the demand for Tea goes to 6 Kg. and that of Coffee falls to 1Kg. The elasticity of substitution between Tea and Coffee is (a) 1 ; (b) 4 ; (c) 5 ; (d) 3

Description : Tea and Coffee are perfect substitute of each other, given the price of Tea and Coffee being `100 and `200 per Kg. a consumer is prepared to buy 3 Kg. of each. If the price of tea remain same and the price of ... elasticity of substitution between Tea and Coffee is (a) 1 ; (b) 4 ; (c) 5 ; (d) 3

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Last Answer : Answer- c

A storm is predicted if atmospheric pressure (1) rises suddenly (2) rises gradually (3) falls suddenly (4) falls gradually

Description : A storm is predicted if atmospheric pressure (1) rises suddenly (2) rises gradually (3) falls suddenly (4) falls gradually

Last Answer :  falls suddenly

An ice block with a piece of lead embeded in it floats in water. If ice melts the water level (1) Rises (2) Falls (3) Remains same (4) Falls first and then rises

Description : An ice block with a piece of lead embeded in it floats in water. If ice melts the water level (1) Rises (2) Falls (3) Remains same (4) Falls first and then rises

Last Answer : Falls

When price of a substitute of commodity ‘x’ falls, the demand for ‘x’ : (1) falls (2) remains unchanged (3) increases at increasing rate (4) rises

Description : When price of a substitute of commodity ‘x’ falls, the demand for ‘x’ : (1) falls (2) remains unchanged (3) increases at increasing rate (4) rises

Last Answer : falls

Which of the following occurs when labour productivity rises ? (1) The equilibrium nominal wage falls. (2) The equilibrium quantity of labour falls. (3) Competitive firms will be induced to use more capital (4) The labour demand curve shifts to the right

Description : Which of the following occurs when labour productivity rises ? (1) The equilibrium nominal wage falls. (2) The equilibrium quantity of labour falls. (3) Competitive firms will be induced to use more capital (4) The labour demand curve shifts to the right

Last Answer : The labour demand curve shifts to the right

The internal rate of return (1) must be less than the interest rate if the firm is to invest. (2) makes the present value of profits equal to the present value of costs. (3) falls as the annual yield of an investment rises. (4) is equal to the market interest rate for all the firm’s investment.

Description : The internal rate of return (1) must be less than the interest rate if the firm is to invest. (2) makes the present value of profits equal to the present value of costs. (3) falls as the annual yield of an investment rises. (4) is equal to the market interest rate for all the firm’s investment. 

Last Answer : falls as the annual yield of an investment rises.

For an inferior good, demand falls when (1) price rises (2) income rise (3) price falls (4) income falls

Description : For an inferior good, demand falls when (1) price rises (2) income rise (3) price falls (4) income falls

Last Answer : income rise

‘Law of demand’ implies that when there is excess demand for a commodity, then (1) price of the commodity falls (2) price of the commodity remains same (3) price of the commodity rises (4) quantity demanded of the commodity falls

Description : ‘Law of demand’ implies that when there is excess demand for a commodity, then (1) price of the commodity falls (2) price of the commodity remains same (3) price of the commodity rises (4) quantity demanded of the commodity falls

Last Answer :  price of the commodity rises

If the price of an inferior good falls, its demand (1) rises (2) falls (3) remains constant (4) can be any of the above

Description : If the price of an inferior good falls, its demand (1) rises (2) falls (3) remains constant (4) can be any of the above

Last Answer : rises

Disguised unemployment means: A. Unemployment in agriculture B. Unemployment due to recession C. Unemployment due to downturn in business activity D. Marginal Productivity of Labor (MPL) is zero.

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Last Answer : C. Unemployment due to downturn in business activity

Natural rate of unemployment increases due to A. General downturn in business activity B. Changes in labor market C. Structural changes in economy D. Frequent changes of jobs by labor

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Last Answer : D. Frequent changes of jobs by labor

Unemployment that arises when there is a general downturn in business activity is known as: A. Frictional unemployment B. Structural unemployment C. Cyclical unemployment D. Disguised unemployment

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Last Answer : C. Cyclical unemployment

Disguised unemployment means (a) Unemployment in agriculture ; (b) Unemployment due to recession ;(c) Unemployment due to downturn in business activity ; (d) Marginal Productivity of Labor (MPL) is zero.

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Last Answer : ;(c) Unemployment due to downturn in business activity ;

Natural rate of unemployment increases due to (a) General downturn in business activity ; (b) Changes in labor market ; (c) Structural changes in economy ; (d) Frequent changes of jobs by labor

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Last Answer : (d) Frequent changes of jobs by labor

Unemployment that arises when there is a general downturn in business activity is known as (a) Frictional unemployment ; (b) Structural unemployment; (c) Cyclical unemployment ; (d) Disguised unemployment

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Last Answer : (c) Cyclical unemployment ;