Which of the following statements is most closely associated with general equilibrium analysis?

Related MCQs

• The meaning of the word ‘economic’ is most closely associated with the word:
• Which of the following statements best describes the general form of a production function: (i) It is a purely technological relationship between quantities of input and quantities of output. (ii) It represents the technology of an organisation, sector of an economy. (iii) Prices of inputs or of the output do not enter into the production function. (iv) It is a flow concept describing the transformation of inputs into output per unitof time.
• The market equilibrium for a commodity is determined by
• In the case of a free good, the consumer will be in equilibrium when:
• The market equilibrium for a commodity is determined by:
• At prices above the equilibrium price:
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• Which one of the following definition of Economics is associated with the name of Lionel Robbins?
• Of the following economists who is considered as master of partial analysis?
• Which of the following statements has been drawn by inductive method?