Cluster · Microeconomics Fundamentals

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Basic Economics and Market Concepts

Questions

167

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Questions in this cluster

167 total

Question	Category	Subtype	Difficulty
Which of the following goods needs further transformation in the economic process? [SSC CGL 2024] pipeline-1184987	gk	—	intermediate
________ is the change in total utility due to consumption of one additional unit of a commodity. [SSC CHSL 2022] pipeline-1184985	gk	—	intermediate
The inputs used in the production of goods or services to make an economic profit are known as_______. [NTPC CBT 2] pipeline-1184982	gk	—	intermediate
As stated by the law of variable proportions, as additional units of a factor are combined with a given level of fixed factors and technology the marginal product of the variable factor___. [RRC GROUP D] pipeline-1184978	gk	—	intermediate
Which of these is not a characteristic of durable goods? pipeline-1306198	mp_police	—	intermediate
Toothbrush, cycle, bread are examples of which types of goods? pipeline-1302187	mp_police	—	intermediate
Every production is organized by combining land, labour, physical capital and human capital which are known as ________. pipeline-1299355	mp_police	—	intermediate
Which of these is NOT the reason why 'final' goods are called so? pipeline-1335756	bihar_police	—	intermediate
Which of these is not a characteristic of durable goods? pipeline-1318204	bihar_police	—	intermediate
In microeconomics, which curve illustrates how the quantity demanded of a good changes with its price? pipeline-1323747	bihar_police	—	intermediate
_______ capital refers to the variety of raw materials and money in hand during production. pipeline-1323951	bihar_police	—	intermediate
Every production is organized by combining land, labour, physical capital and human capital which are known as ________. pipeline-1318028	bihar_police	—	intermediate
For economists, ________ refers to the amount of a product or service that people are both willing and able to buy. pipeline-436037	bihar_police	—	intermediate
What is the name of the goods that people buy even if their prices rise? pipeline-435838	bihar_police	—	intermediate
In which of the following market forms, the market is dominated by a single seller? pipeline-425010	bihar_police	—	intermediate
What is the market form wherein a market or industry is dominated by a stop of large sellers? pipeline-426091	bihar_police	—	intermediate
In which of the following market forms, the market is dominated by a single seller? pipeline-412967	bihar_police	—	intermediate
Toothbrush, cycle, bread are examples of which types of goods? pipeline-1353602	rajasthan	—	intermediate
Which of the following is NOT a feature of a monopoly? pipeline-1194391	rajasthan	—	intermediate
Every production is organized by combining land, labour, physical capital and human capital which are known as ________. pipeline-1345707	up_police	—	intermediate
Which of the following is an example of a consumer good? pipeline-1362130	up_police	—	intermediate
Which of these is not a characteristic of durable goods? pipeline-1346010	up_police	—	intermediate
Which of the following is NOT a feature of a monopoly? pipeline-1346377	up_police	—	intermediate
Toothbrush, cycle, bread are examples of which types of goods? pipeline-1157625	up_police	—	intermediate
Which of these is not a characteristic of durable goods? pipeline-1114785	up_police	—	intermediate
Which of the following is NOT a feature of a monopoly? pipeline-1155620	up_police	—	intermediate
In which of the following market forms, the market is dominated by a single seller? pipeline-504033	rpf	—	intermediate
The law of demand states that __________. pipeline-97027	rpf	—	intermediate
What would happen to the demand curve when there is an increase in the price of substitute products? pipeline-5298	rpf	—	intermediate
What is/are true about consumer packaged goods? I. Consumer packaged goods, are products that are sold quickly and at a relatively low cost. II. Examples include non-durable household goods such as packaged foods, beverages, toiletries, candies, etc. IIII. They have a high inventory turnover pipeline-1030461	banking	—	intermediate
In microeconomics, which curve illustrates how the quantity demanded of a good changes with its price? pipeline-1319080	defence	—	intermediate
Which of these is not a characteristic of durable goods? pipeline-1310702	defence	—	intermediate
Toothbrush, cycle, bread are examples of which types of goods? pipeline-1305459	defence	—	intermediate
Every production is organized by combining land, labour, physical capital and human capital which are known as ________. pipeline-1296761	defence	—	intermediate
As compared to monopolistic competition, the demand curve in a monopoly is: pipeline-1265942	ib	—	intermediate
Total cost per unit of output is known as: pipeline-1266040	ib	—	intermediate
In economics, the slope of the demand curve is typically ___________ pipeline-1263587	ib	—	intermediate
Toothbrush, cycle, bread are examples of which types of goods? pipeline-1241523	ib	—	intermediate
Among the following, which type of goods requires additional processing during the economic cycle? pipeline-1232120	ib	—	intermediate
Which of the following types of market structures has many companies present in an industry and they produce similar but differentiated products? pipeline-1147279	delhi_police	—	intermediate
Which of the following types of market structures has many companies present in an industry and they produce similar but differentiated products? pipeline-1145698	delhi_police	—	intermediate
What is the market form wherein a market or industry is dominated by a stop of large sellers? pipeline-1083786	delhi_police	—	intermediate
As compared to monopolistic competition, the demand curve in a monopoly is: pipeline-1199473	delhi_police	—	intermediate
Which of the following is NOT a feature of a monopoly? pipeline-1161255	delhi_police	—	intermediate
Total cost per unit of output is known as: pipeline-1243667	delhi_police	—	intermediate
Which of the following is NOT a feature of a monopoly? pipeline-1195214	delhi_police	—	intermediate
Final goods are divided into: pipeline-1101674	delhi_police	—	intermediate
If there is a fall in the demand of a good, the equilibrium price is expected to: pipeline-1094505	delhi_police	—	intermediate
Machines, tools and implements, and buildings are examples of which type of goods? pipeline-1094261	delhi_police	—	intermediate
Identical price is the characteristic of which of the following market? pipeline-1086583	delhi_police	—	intermediate

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