1211. The sale of branded article is common in situation of :
A. Pure competition
B. Monopoly
C. Monopolistic composition *
D. Excess supply
1212. In General, the short run supply curve of labor in :
A. Upward doping *
B. Downward stoping
C. Saucer shaped
D. None of them
1213. The supply curve of a composite firm :
A. Is the whole marginal cost cure *
B. Is the MC above the AVC
C. Is the ATC
D. Does not exist
1214. Which of the following statement is true ?
A. Social cost = Private cost= externalities *
B. Social cost = Cost of production
C. Social cost = Private cost + external cost position
D. None of them
1215. Due to new technology production function :
A. Shift upward *
B. Shift downward
C. Remain the same
D. None of these
1216. The real wages will increase in Keynesian model when price falls due to :
A. Excess demand
B. High income
C. Low income
D. Excess supply *
1217. Incase of large open economy by world financial market , the interest rate is :
A. Fixed
B. Not fixed
C. Zero
D. Lower *
1218. Big push industrialization is relatively successful in :
A. South Korea *
B. Russia
C. China
D. North Korea
1219. Bad money drives out good money is the law of :
A. Adam smith
B. Keynos
C. Friedman
D. Gresnam *
1220. ” Money is , What money does, not what it is ” is written by :
A. Prof Sigwick
B. Gresham *
C. Friedman
D. Keynes