Question
Consider the following statements regarding Argoland,
recently seen in the news: 1. Geologists recently discovered Argoland, a landmass that detached from modern-day western New Zealand 2. It was once an integral part of the supercontinent Gondwana. Which of the statements given above is/are correct?Solution
Geologists recently discovered Argoland, a landmass that detached from modern-day western Australia 155 million years ago. The elusive, 3,106-mile stretch was once an integral part of the supercontinent Gondwana. It disintegrated as tectonic forces stretched the landmass out and drove it away from the rest of the continent before scattering it across Southeast Asia.
Which of the following statement is/are true regarding classical theory of income and employment?
1. Classical economist believe that the econo...
Consider an economy described by the following equations:
C = 100 + 0.6 ∗ (Y − T) (consumption function)
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Autonomous Consumption = Rs. 100
Marginal Propensity to Consume =0.60
Investment = Rs. 200...
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Let p= probab...
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US$/&...
The government provides public goods because
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The GDP’s (at factor cost) and population sizes of two countries A and B were identical in a particular year. Which of the following statements is the...
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