581. The policy adopted regarding imports during 1950s was:
A) Tight
B) Liberal
C) Normal
D) None of the above
582. UNDP publishes the annual:
A) United Nations Development Program
B) Underdeveloped Nation Development Program
C) Underdeveloped Nation Degenerate Program
D) None of the above
583. Credit market is attached to:
A) Demand for labour
B) Supply of labour
C) Both A & B
D) None of the above
584. Say’s law of the market is concerned with:
A) Monetary sector
B) Real sector
C) Agriculture sector
D) Services sector
585. The new classicals are:
A) Robert Lucas and Thomas Sargent
B) Robert Barrow
C) Edward Prescott
D) All of the above
586. Hicks presented the concept of:
A) PS Curve
B) IC Curve
C) IS Curve
D) PE Curve
587. In the case of perfect competition, a firm is:
A) Price-taker
B) Independent
C) Free to fix prices
D) None of the above
588. As the wage rises, work hours rise. It is given by:
A) Income effect
B) Output effect
C) Substitution effect
D) Profit effect
589. The resources in the economy do not include:
A) Demand
B) Land
C) Labour
D) Capital
590. The resources in an economy are:
A) Constantly increasing
B) Fixed at any moment
C) Constantly decreasing
D) Ready to be moved effectively between enterprises
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