Which theory of justice focuses on maximizing overall happiness or well-being for the greatest number of people?
Explanation: Utilitarianism focuses on maximizing overall happiness or well-being.
Which of the following pairs of goods is/are likely to have a positive cross price elasticity of demand?
(1) Cars and Petrol
(2) Tea ...
In 1991, under the external sector reforms. Indian rupee______.
An analyst has data on wages for 100 individuals. The arithmetic mean of the log of wages is the same as:
Which of the following is NOT a correct statement in the context of National income?
GDPf = Gross Domestic Product at Factor Cost; GDPm = Gross Domestic Product at Market Price; NNPf = Net National Product at Factor Cost; C = Consumptio...
Balance of Trade is measured as:
In a multiple regression model, the Durbin-Watson test statistic is 1.3, while the critical lower and upper values are 1.5 and 1.7 respectively. This im...
National Sample Survey Organization (NSSO) provides estimates of magnitude of unemployment on the basis of different concepts. Which of the following i...
In a small open economy with a floating exchange rate, the supply of real money balances is fixed and a rise in government spending ______
Let X1, X2 and X3 are three (Pairwise) uncorrelated random variables. The mean & variance of each variable is 0 and 3, respectively. Find the correlatio...
