Multiple Choice
'Production of commodities by means of commodities' is related to:
A) Karl Marx
B) Kaldor
C) Steedman
D) Piero Sraffa
Correct Answer:

Verified
Correct Answer:
Verified
Q7: Equilibrium literally means:<br>A)Balance<br>B)Imbalance<br>C)Change<br>D)None of these
Q8: The Theory of Glut is the contribution
Q9: Monopoly is:<br>A)Presence of competition<br>B)Absence of competition<br>C)Both A
Q10: Competition "among the few" is often called
Q11: The point at which the firm covers
Q13: Cartel is one form of:<br>A)Monopoly<br>B)Duopoly<br>C)Collusive oligopoly<br>D)Non-collusive oligopoly
Q14: Under the Perfect competition, products are:<br>A)Heterogeneous<br>B)Homogenous<br>C)Semi-homogeneous<br>D)All of
Q15: Under perfect competition:<br>A)AR and MR are identical<br>B)AR
Q16: The demand curve of a firm under
Q17: A monopolist is a:<br>A)Price taker<br>B)Price maker<br>C)Policy maker<br>D)All