Introduction to...

Following are the drawback of statistics except

Which of the following is false regarding Importance of Statistics in Economics

Microeconomics studies

Whether the statistics are collected for the purpose of knowing their economic position or distribution of land among them or their total population or for any other purpose all these objectives are

Following are the factors of production except

Match the following, Options are

Which statistical tools is used by stage of statistical study – analysis of data

_____ is the systematic body of knowledge

Mode is a value of a variable which

Match the following. Options are

The process of using up utility value of goods and services for the direct satisfaction of our wants

Economic equilibrium means

Economics is the study of how ___ and _____ chose to employ scare resources that could have alternative uses in order to produce various commodities that satisfy their wants

Which of the following points highlight the importance of statistics in economics

Which characteristics of statistics is depends upon purpose of investigation, its nature, size and available resources

An ideal feature of an average is that

In which stage of statistical methods averages , dispersion and correlation are drawn

Which limitation of statistics is highlighted in the below example

In cloth business profit earned in three years is Rs.1000, Rs.2000 and Rs.3000 and in paper business profit earned is Rs.3000, Rs.2000 and Rs.1000. Both businesses earning same average profit Rs.2000 that shows both have same economic status. But actually cloth business is making profit and paper business is declining

Dispersion in statistics means :

The long queues at railway booking counters, crowded buses and trains, shortage of essential commodities , rush to get a ticket to watch a new film etc. are all manifestations of

Scarcity arises because of

_______ are always scare in relation to _____

Which of the following statement is incorrect

Drawing conclusion from the data analyzed is the stage of

Which of the following will give qualitative data

Economics essentially the study of

Which is the third stage of statistical study

It is the expenditure on the purchase of such assets which help us to generate income

Inter-temporal comparison means

Which of the following will give qualitative data