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NAT II Management Science Economy MCQs With Answers
Question # 1
The interest rate parity is the basic identity that relates which of the following?
Choose an answer
Interest rates and exchange rates
Interest rates and inflation rate
Exchange rates and inflation rate
Discount rate and inflation rate
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Question # 2
Which of the following is true about supply curve under monopoly?
Choose an answer
It is same as the competitive market supply curve
It is the portion of marginal cost curve where marginal costs exceed the minimum value of average variable costs
It is the result of market power and production costs
None of the given statements is true
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Question # 3
Under the kinked demand curve model, an increase in marginal cost will lead to:
Choose an answer
An increase in output level and a decrease in price.
A decrease in output level and an increase in price.
A decrease in output level and no change in price.
Neither a change in output level our a change in price.
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Question # 4
The economy gets maximum prosperity during:
Choose an answer
Recession
Recovery
Boom
Depression
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Question # 5
To find the profit maximizing level of output, a firm finds the output level where:
Choose an answer
Price equals marginal cost
Marginal revenue and average total cost
Price equals marginal revenue
None of the given options
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Question # 6
What is the interest rate effect that explains why the aggregate demand curve slopes downward?
Choose an answer
It refers to the effect of changes in the price level on quantity of investment demanded which in turn affects interest rates
It refers to the effect of interest rates on borrowing which in turn affects consumption spending.
It refers to the effect of changes in the price level on interest rates which in turn affects the quantity of investment demanded
It refers to the shifts in aggregate demand when interest rates change
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