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Net Economics #Classical Economists and their work# Economic theory

 Net Economics #Classical Economists and their work# Economic theory Pls follow , like and share Classical economics, also known as classical political economy, is a school of economic thought that emerged in the late 18th and early 19th centuries. It laid the foundation for modern economics and was dominant until the late 19th century. Classical economists focused on understanding the mechanisms of economic growth, production, and distribution of goods and services in market economies significant contributions and the years in which they were active: Adam Smith (1723-1790): Major Work: "The Wealth of Nations" (1776) Contributions: Smith is often referred to as the father of economics. In "The Wealth of Nations," he introduced the concept of the invisible hand, arguing that individuals pursuing their own self-interest in a free market economy unintentionally promote the general welfare. He also discussed the division of labor, productivity, and the role of markets i

Ugc Net ,Upsc and other Economics competitive Exams Micro economics Mcq 1

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 Ugc Net ,Upsc and other Economics competitive Exams Micro economics Mcq  1 Dear students this will be the regular series of Mcq .This Mcq are from basic to advance helpful in preparing Ugc Net,Upsc and other competion exams.                                            https://youtu.be/DvAQejpQnDA   IEMS   For Answer pls visit our telegram channel and subscribe.link given below telegram link https://t.me/iemsnet Micro economics  Multiple Choice Questions and Answers 1. Cost functions are derived from a) demand functions, b) production functions, c) supply functions 2. The U shape of the average total cost curve reflects a) LDMU, b) The Law Of Variable Proportions, c) Consumer’s Surplus 3. The total fixed cost is a : a) horizontal straight line b) vertical c) hyperbola 4. The shape of average fixed cost is a) horizontal straight line b) vertical c) rectangular hyperbola 5. The shape of TVC and TC are: a) rectangular hyperbola b) inverse ‘S’ shape c) horizontal straight line 6. The invers

Basic Fundamentals of Economics Basics MCQ For UGC NET. UPSC, CS FOUNDATION and other competitive Exams

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Test Series 1  Basic Fundamentals of Economics Basics MCQ For UGC NET. UPSC, CS FOUNDATION  and other competitive Exams Students we are starting test series for Economics students .This will helpful for those students for their competitive Exams.Pls subscribe so that you can recieve complete test series. Comment your answer in comment box or Whatsapp at 7737896705 to get it check. Multiple Choice Questions on Economics 1. Micro economics theory deals with 
(a) Economic behavior of individual economic decision making units;
(b) Economy as a whole ; (c) Trade relations ; (d) Economic growth of the society 2. Which of the following is a central problem of every economy 
 (a) Abundance of resources ; (b) Scarcity of economic resources ; (c) Poverty; (d) Moral and ethical values 3. Equilibrium relates to which of these (a) Market condition which oscillate ; (b) Market state of falling price;
(c) Market condit

UGC NET Macroeconomics Test series 2 for UPSC and other competiton exams

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UGC NET Macroeconomics Test series 2 for UPSC and other competiton exams Below are the Mcq for macro economics Test series 2 . The test series will be beneficial for ugc net ,Upsc and other competion exams.Kindly comment your answer in comment box.We will send answers to your email id. For test series 1 pls check blog below already published. Stay tuned and subscribed for test series 3 MACRO ECONOMICS MCQs  www.iemsnet.com Check here for test series 1 Macro Economics Test Series1         TEST  SERIES 2 1. Frictional unemployment exists: (A) When there is a decrease in real GDP (B) Because it takes time to find a job when one is first entering the labour force (C) As a result of technological change (D) When an individual retires 2. The natural rate of unemployment equals the sum of those who are: (A) Frictionally and structurally unemployed (B) Frictionally and cyclically unemployed (C) Structurally and cyclically unemployed (D) Frictionally struc

UGC NET Macroeconomics MCQ Test series 1 for upsc and other competions exams www.iemsnet.com

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UGC NET Macroeconomics MCQ Test series 1 for upsc and other Ugc Net Macroeconomics MCQ Below are the Mcq for macro economics Test series 1.Kindly comment your answer in comment box.We will send answers to your email id. Stay tuned and subscribed for test series 2  https://www.iemsnet.com/2020/01/ugc-net-macroeconomics-test-series-2.html?m=1 MACRO ECONOMICS MCQs www.iemsnet.com 1. Excess demand for money, according to Say’s law in the Economy: (A) Is greater (B) Is very less (C) Is equal to zero (D) There is no relationship between excess demand for money and Say’s Law 2. Which of the following is not an assumption of classical theory? (A) Price flexibility (B) Unemployment (C) Say’s law (D) Neutrality of money 3. In classical theory the equality between saving and investment is brought about by: (A) Rate of interest (B) Income (C) Consumption (D) Multiplier 4. The normal condition of a capitalist economy in classical theory is: (A) Underemployment

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