Dual system of pricing exist in: a)Free market economy b)Socialistic economy c)Mixed economy d)None - c)Mixed economy Description: Mixed economy is a type of economy which combines the features of both capitalist and socialist economy. In this economy, dual system of pricing exist i.e. prices of essential commodities are determined by the government while of others is fixed by price mechanism. - Introduction to Micro Economics Interview Questions and Answers

CoolInterview.com - World's Largest Collection of Interview Questions & Answers, FAQs, queries, sample papers, exam papers, dumps, what, why, how, where, when questions

OneStopTesting.com - Testing EBooks, Tutorials, Articles, Jobs, Training Institutes etc.
OneStopGate.com - Gate EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopMBA.com - MBA EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopIAS.com - IAS EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopSAP.com - SAP EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopGRE.com - of GRE EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.

Sponsored Links

Interview Questions

INTERVIEW QUESTIONS

COMMON PROFICIENCY TEST (CPT)

INTRODUCTION TO MICRO ECONOMICS

DETAILS

Question: Dual system of pricing exist in: a)Free market economy b)Socialistic economy c)Mixed economy d)None of the above

Answer: c)Mixed economy
Description:
Mixed economy is a type of economy which combines the features of both capitalist and socialist economy. In this economy, dual system of pricing exist i.e. prices of essential commodities are determined by the government while of others is fixed by price mechanism.

Category	Introduction to Micro Economics Interview Questions & Answers - Exam Mode / Learning Mode
Rating	(0.2) By 8802 users
Added on	7/29/2016
Views	70181
Rate it!

Question: Dual system of pricing exist in: a)Free market economy b)Socialistic economy c)Mixed economy d)None of the above

Answer:

c)Mixed economy
Description:
Mixed economy is a type of economy which combines the features of both capitalist and socialist economy. In this economy, dual system of pricing exist i.e. prices of essential commodities are determined by the government while of others is fixed by price mechanism. Source: CoolInterview.com

If you have the better answer, then send it to us. We will display your answer after the approval.

Rules to Post Answers in CoolInterview.com:-

There should not be any Spelling Mistakes.

There should not be any Gramatical Errors.

Answers must not contain any bad words.

Answers should not be the repeat of same answer, already approved.

Answer should be complete in itself.

	Related Questions	View Answer
	Which of these is an example of macro economics? (a) overall conditions of economy. (b) total production. (c) economic behavior of large aggregates. (d) All of above.	View Answer
	Who gave the positive aspect of science? a)Alfred Marshall b)A.C. Pigou c)Adam Smith d)Robbins	View Answer
	Micro economics is concerned with: a)Consumer behaviour b)Product pricing c)Factor pricing d)All of the above	View Answer
	Which one in the following is not correct? a)There are limited wants b)Means are scarce c)Resources have alternative uses d)Economics is science	View Answer
	Which one is the feature of Marshall's definition? a)Limited ends b)Scarce means c)Study of wealth as well as study of man d)Study of allocation of resources	View Answer
	What will be the shape of PPC curve when marginal opportunity cost is constant? a)Concave b)Convex c)Backward bending d)Straight line	View Answer
	A developed economy uses_____ technique in production. a)Labour intensive b)Capital intensive c)Home-based d)Traditional	View Answer
	Micro economics is also known as_______: a)Public economics b)Price theory c)Income theory d)Demand theory	View Answer
	Economic problem arises when:- a) When wants are unlimited b) When resources are unlimited c) When resources have alternative uses d) All of the above	View Answer
	Mixed economy means: a)All economic decisions are taken by central authority b)All economic decisions are taken by private entrepreneurs c)Economic decisions are partly taken by the state and partly by private entrepreneurs d)None of these	View Answer
	Which one is not the characteristic of capitalist economy? a)Profit motive b)Income inequality c)Free employment d)Collective ownership	View Answer
	What is cut-off frequency?	View Answer
	Mixed economy means: a)Co-existence of small and large industries b)Promoting both agriculture and industries in the economy c)Co-existence of rich and poor d)Co-existence of public and private sectors	View Answer
	Explain the process of calculating the planned activity output through Long term planning?	View Answer
	If the opportunity cost is constant, then PPC would be: a)Convex b)Straight line c)Backward bending d)Concave	View Answer
	Which of these would cause a rightward shift of the PPC curve? a)Improvement in technology b)Greater capital formation c)Increase in population d)All of these	View Answer
	According Robbins, 'means' are: a)Scarce b)Unlimited c)Undefined d)All of these	View Answer
	Under inductive method , the logic proceeds from: a)General to particulars b)Particular to general c)Both (a) and (b) d)None	View Answer
	In a free market economy, when consumers increase their purchase of a item, the price increases due to a)Demand,Supply b)Regulation c)Cartelisation d)Production of items	View Answer
	How are depreciation keys defined?	View Answer

Please Note: We keep on updating better answers to this site. In case you are looking for Jobs, Pls Click Here Vyoms.com - Best Freshers & Experienced Jobs Website.

View All Introduction to Micro Economics Interview Questions & Answers - Exam Mode / Learning Mode