TRB Tripura PGT Economics Teacher Paper 2017

STPGT TRB Tripura Economics 2017 Paper

Ëconomics is a science.” The basis of this statement is
(a) relation between cause and effect
(b) use of deductive method and inductive method for the formations of laws
(c) experiment
(d) All of the above

According to mercantilist school of thought
(a) imports should be greater than exports
(b) agriculture development is key to growth
(c) stock of gold is an indicator of wealth
(d) None of these

In order to explain economic principles, the example of Robinson Crusoe was often given, because
(a) he was an economist
(b) he was the first Nobel Laureate in economics
(c) he was an efficient entrepreneur
(d) None of these

Economics can be best studied by
(a) inductive method
(b) deductive method
(c) analysis of data
(d) the combination of inductive and deductive methods

The falling part of total utility curve shows
(a) negative marginal utility
(b) increasing marginal utility
(c) decreasing marginal utility
(d) None of these

The total utility of a commodity can be found by
(a) multiplying the number of units by its marginal utilities
(b) adding up the marginal utilities of all units
(c) multiplying price by the number of units
(d) None of these

If equation of the demand function is q=30-4p, then what will be the elasticity of demand when price p=3 ?
(a) -3/2
(b) -2/3
(c) -3/4
(d) None of these

Cross elasticity of complementary goods is
(a) negative
(b) high
(c) positive
(d) None of these

The total effect of a price change of a commodity is
(a) substituion effect + price effect
(b) substitution effect + income effect
(c) Income effect + price effect
(d) None of these

Slutsky theory in consumption theory relates to
(a) income effect
(b) substitution effect
(c) Both (a) & (b)
(d) None of these

The revealed preference theory is based on
(a) utility and demand
(b) introspection
(c) observed consumer behaviour
(d) None of these

The elasticity of substitution between two inputs in CES production function
(a) decreases continuously
(b) increases continuously
(c) remains constant
(d) None of these

Rectangular hyperbola is the shape of
(a) average fixed cost curve
(b) total fixed cost curve
(c) marginal cost curve
(d) None of these

The vertical distance between total variable cost curve and total cost curve is equal to
(a) total fixed cost
(b) average cost
(c) marginal cost
(d) None of these