Leontief’s input output model is based on the concept of----- (a) Consumption function (b) Partial Equilibrium © General Equilibrium. (d) All of the above.

Leontief’s input output model is based on the concept of----- (a) Consumption function
(b) Partial Equilibrium
© General Equilibrium.
(d) All of the above.
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1 Answer

Answer :

© General Equilibrium.
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Isoquants in Leontief’s input- output model are (a) Variable coefficient (b) Fixed coefficient © Sometimes fixed sometimes variable (d) None of the abov

Description : Isoquants in Leontief’s input- output model are (a) Variable coefficient (b) Fixed coefficient © Sometimes fixed sometimes variable (d) None of the abov

Last Answer : (b) Fixed coefficient

In Leontief’s model own input coefficient’s are less than---- (a) Four (b) Three © Two (d) One

Description : In Leontief’s model own input coefficient’s are less than---- (a) Four (b) Three © Two (d) One

Last Answer : (d) One

Leontief’s model is open due to the fact that final demand is given from----- the system (a) within (b) outside © both (a) and (b) (d) none of the above.

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Factors of production in Input Output model is---- (a) one (b) two © three (d) four

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The isoquants in Input Output model is (a) convex to the origin (b) concave to the origin © l shaped. (d) straight line.

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In Input Output model only----product is produced (a) One (b) Two © Three (d) Four

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Hawkins Simon condition explains the----- condition in Input output model (a) Instability (b) Stability © Uniqueness (d) None of the above

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n the simple Keynesian model consumption is a function of, (a) Rate of interest. (b) Level of income. © Price level. (d) None of the above.

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In autarky equilibrium (a) production=consumption. (b) export=import © there is no trade (d) all of the above.

Description : In autarky equilibrium (a) production=consumption. (b) export=import © there is no trade (d) all of the above.

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When tariff is imposed on imports which of the following will increase? (a) Domestic output. (b) Domestic demand. © Domestic price. (d) Domestic consumption.

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Leontief”s model explains a----- equilibrium. (a) static (b) dynamic © both static and dynamic (d) none of the above

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n simple Keynesian model, stability of equilibrium exists, if (a) APC is less than one. (b) APS is less than one. © MPC is less than one. (d) None of the above.

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Last Answer : relationship between income and consumption

Which of the following are not characteristics of Keynesian consumption function? (a) The main influence on consumption in the short run is current disposable income (b) The marginal propensity to consume is less than one © The average propensity to consume decreases as income increases (d) The average propensity to consume increases as income increases

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If the Keynesian consumption function is, C=10+.8Y, if income is Rs 1000/- what is total consumption. (a) Rs .8/- (b) Rs 800/- © Rs 810/- (d) Rs .81/

Description : If the Keynesian consumption function is, C=10+.8Y, if income is Rs 1000/- what is total consumption. (a) Rs .8/- (b) Rs 800/- © Rs 810/- (d) Rs .81/

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An increase in marginal propensity to consume will (a) Lead to the consumption function becoming steeper. (b) Shift the consumption function upwards. © Shift the consumption function downwards. (d) Shift the savings function upwards.

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Assume that the consumption function is of the form, C= 50+.8Y. If income is Rs 1000/- then consumption is,- (a) Rs 50/- 9b) Rs 1050/- © Rs 50/- (d) Rs 850/-

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n the simple Keynesian model investment is (a) Fixed. (b) A function of level of income. © Either fixed or a function of level of income. (d) None of the above.

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A price consumption curve, traces the utility maximizing combination of two goods when (a) the price of one good changes (b) the consumer’s preference change © the consumer’s income changes (d) the demand curve for one of the goods shifts rightward

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Gains from trade can be divided into two parts (a) gains from exports and gains from imports. (b) gains from specialization and gains from exchange. © gains from consumption and gains from production. (d) gains from profit and gains from loss.

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The marginal propensity to consume is equal to (a) Total spending/Total consumption (b) Total consumption/ Total income. © Change in consumption/ Change in income (d) Change in consumption/ Change in savings.

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Lower interest rates are likely to (a) Decrease consumption. (b) Increase cost of borrowing. © Encourage saving. (d) Increase borrowing and spending.

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An increase in consumption at any given level of income will lead to (a) Higher aggregate demand. (b) An increase in exports. © A fall in taxation revenue. (d) A decrease in import spending.

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Production function explains the relationship between - (1) initial inputs and ultimate output (2) inputs and ultimate consumption (3) output and consumption (4) output and exports

Description : Production function explains the relationship between - (1) initial inputs and ultimate output (2) inputs and ultimate consumption (3) output and consumption (4) output and exports

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Production function refers to the functional relationship between input and _______. (1) product (2) produce (3) output (4) service

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Production function relates - (1) Cost to output (2) Cost to input (3) Wages to profit (4) Inputs to output

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Production function relates (1) Cost to output (2) Cost to input (3) Wages to profit (4) Inputs to output

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Who is credited for the concept that there could be equilibrium in an economy at less than full employment also ? (a) J.B. Say(b) Keynes(c) Fisher(d) Milton Friedman

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Waste or refuse arising out of manufacturing activity of output cleared for home consumption shall be charged to import duty as _____. A waste or refuse B output C waste or refuse or output D Input

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