Question
Which of the following activities is NOT a Market
Economic Activity?Solution
Economic activities have two parts — market activities and non-market activities. Market activities involve remuneration to anyone who performs i.e., activity performed for pay or profit. These include production of goods or services, including government service. Non-market activities are the production for self-consumption. As rearing of cows for self-consumption of milk gets the owner no remuneration, it is a non-market economic activity.
While calculating Pearson's correlation coefficient, the following values are obtained for 25 pairs of observations. It was later discovered that two pa...
When the price of a commodity decreases, and its demand curve forms a rectangular hyperbola, what happens to the total expenditure on that commodity?
For a frequency distribution if Coefficient of variation is 5, standard deviation is 2 and Karl Pearson’s coefficient of skewness is 0.5, the value of...
The government provides public goods because
In which of the following market structure Quantity is maximum?
The Fisher Effect assumes that the    Â
The costs of inflation are?
Which of the following Herfindahl-Hirschman Index is most consistent with monopoly?
The fiscal deficit is the difference between the government’s total expenditure and its total receipts excluding ______
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