Business Economics

181. A firm that is the sole seller of a product without close substitutes called:

1. Monopoly
2. Oligopoly
3. Competition
4. Bureaucracy

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182. Where boom ends, ______________ starts

1. Recovery
2. Recession
3. Progress
4. Depression

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183. ______________ product will never be zero or negative

1. Marginal
2. Total
3. Average
4. All the above

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184. Which of the following is not a variable input?

1. Raw material
2. Power
3. Equipment
4. None of these

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185. Which is not a property of ISOQUANT?

1. Downward sloping
2. Convex
3. Negative slope
4. Positive slope

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186. The term "Economies" refers to

1. Product advantage
2. Cost advantage
3. Sales advantage
4. All of the above

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187. Which of the following is not coming under imperfect competition?

1. Oligopoly
2. Duopoly
3. Monopoly
4. Monopolistic

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188. Selling at a lower price in export market and at a higher price at home market is called

1. Export subsidy
2. Dumping
3. Price cut
4. All the above

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189. Modern definition is also called as

1. Growth definition
2. Welfare definition
3. scarcity definition
4. Neoclassical definition

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190. "A rupee tomorrow is worth less than a rupee today" relates to

1. Opportunity cost principle
2. Discounting principle
3. Equi‐marginal principle
4. None of these

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