Which of the following statement is/are true regarding classical theory of income and employment?
1. Classical economist believe that the econo...
When Keynesian multiplier K = 1, then MPC = ?
The government provides public goods because
An employee has a basic pay of Rs. 12000 and a D.A. of 12% in 1997. If the employee should get a 5% rise in real income each year, what should be the DA...
N people guess an integer between 1 and 100, and the winner is the player whose guess is closest to 2 times the mean of the guesses. What is the equilib...
For a monopoly firm the demand curve is Q=20-2P. For the profit maximizing quantity of 8 units, the mark up of the firm is Â
In case of Multicollinearity, if the Ri2(Coefficient of auxiliary regression on independent variables) is 0.80 and the variance of the OLS es...
A person who is made redundant because of the contraction of an industry is a victim of?
The 'Vertical Equity' principle of taxation implies that:
Suppose after paying bills and setting aside some money for retirement, Joana has $130 left to spend on just two goods: concerts and books. For simplici...
