Top 150+ Solved Managerial Economics MCQ Questions Answer

a. That results form the economy being below the natural rate of output

b. That would exist even if the economy were at its natural rate of output

c. Is a function of the level of automatic stabilizers

d. Both a & c

a. The total deficit

b. The cyclical deficit

c. The structural deficit

d. Monetary policy

a. Budget deficits are irrelevant to output in the short-run

b. Higher deficits should increase output in the short run if they are expected

c. Lower deficits can be used to stabilize output during expansions

d. None of these

a. A.C Pigou

b. D. Ricardo

c. Gunnar Myrdal

d. Lionel Robbins

a. Deductive method

b. Inductive method

c. Both of above

d. None of these

a. Services

b. Industry

c. Agriculture

d. None of these

a. Entrepreneur

b. Worker

c. Landlord

d. None of these

a. Laissez Faire

b. Division of Labour

c. Both of these

d. None of these

a. A shift in demand

b. A fall in demand

c. A rise in the consumer’s real income

d. A fall in the consumer’s real income

a. Upward to the left

b. Downward to the right

c. Horizontally

d. Upward to the right

a. Normal good

b. Articles of Distinction

c. Ignorance

d. Inferior good

a. Only one use

b. Uses which can not be postponed

c. Many uses

d. Uses very essential for the consumer

a. Perfectly elastic demand

b. Unitary elastic demand

c. Perfectly inelastic demand

d. Relatively elastic demand

a. Perfectly elastic

b. Highly elastic

c. Perfectly inelastic

d. Moderately elastic

a. Increases

b. Decrease

c. Remains unchanged

d. We cannot say without additional information