Economics - Questions & Answers | Exam2Win

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396. Among the reason for disguised unemployment in rural areas is

A. high illiteracy rates

B. low levels of technological development in the country

C. choice of a heavy industry model for economic development

D. heavy pressure of population alonf with halfhearted implementation of agrarian reforms

Explanation:

397. Which of the following is true of the quantity theory of money ?

A. The quantity of money that is in existence determines its supply.

B. The price level is determined by the supply of and demand for money.

C. The rate of interest is determined by the supply of and demand for money

D. None of these

Explanation:

398. Which of the following is not a characteristic of monopolistic competition ?

A. Relatively large number of firms

B. Differentiated product

C. Non - existent industry supply curve

D. Substantial economics of sale

Explanation:

399. Efficiency in production over a period of years increases

A. Fixed capital

B. Real capital

C. Circulating capital

D. Portfolio capital

Explanation:

400. To which of the following countries did Karl Marx belong ?

A. Russia

B. Italy

C. Germany

D. France

Explanation: