Multiple Choice
If the value of a variable varies as a consequence of the variation in the value of some other variable, it is called:
A) Exogenous variable
B) Endogenours v ariable
C) Stock
D) Flow
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Who defined economics as: a science which
Q2: _ introduced the concept of welfare in
Q3: Macroeconomics is primarily concerned with aggregates. Which
Q5: Economic efficiency for the entire economy requires
Q6: Personal Income includes:<br>A)Dividend distributed<br>B)Social insurance contributions<br>C)Corporate profit<br>D)None
Q7: Decisions made in households, firms, and government
Q8: GDP Deflator is also called as:<br>A)Implicit Cost
Q9: Disposable Income does not include:<br>A)Excise duty paid<br>B)Income
Q10: Scientific attempts to describe economic relationships are
Q11: Theories are:<br>A)Much more complicated than common sense<br>B)Scientific