Question
Scarcity of capital, unemployment and technological
backwardness are generally found in ________ economies.Solution
An underdeveloped economy is characterised by state of deprivation of large proportion of population. Apart from that, other characteristics of an underdeveloped economy are low per capita income, a higher proportion of labour force involved in primary sector activities.
Mahalanobis model is –
Since the 1980s, Wal-Mart stores have appeared in almost every community in America. Wal-Mart buys its goods in large quantities and, therefore, at chea...
Non-spherical errors are related to
Find Saddle point from the payoff matrix:
In the short run, a tariff imposed on imports generally:
It is given that Qd = 300 - P, Qs = Q/2. Government imposes specific tax in such a way that it maximizes the total tax revenue. Then find out the DWL in...
Approximately what is the Coefficient of Variation of first 50 natural numbers ?
Oligopolies can end up looking like competitive markets if the number of firms is
For goods x1 and x2 with prices P1 and P2, if dx1/dP2 is positive then,
If the exchange rate of some economy depreciates vis−a−vis US $ and if the Marshal Lerner condition is satisfied, then the current account deficit o...
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