UGC NET / JRF Economics Question Paper– II: December 2006

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1. If two commiodities are good substitutes, indifference curve will

(A) be a straight line

(B) appioach a right angle

(C) approadi a straight line

(D) slope upwards

2. The finns in the modern world, use reserve capacity to :

(A) ensure greater flexibility in operations

(B) reduce costs

(C) reduce wages

(D) reduce taxes

3. If the firms are behaving on the basis o average cost principle. orderly coordination is often attained by.

(A) Price leadership

(B) Price cutting

(C) High cost firn

(D) None o the above

Click Here to find Economics (December 2006) complete question paper