Question
An Increase in the need for wood because of the increase
in the need for furniture is the example ofSolution
Derived demand is defined as when the want for one good or service happens because of the want for another good or service.
Two people enter a bus. Two adjacent cramped seats are free. Each person must decide whether to sit or stand. Sitting alone is more comfortable than sit...
Which branch of economics deals with the study of the economic activities of individual units?
The marginal cost curve is__________.
Which of the following statements are correct about trilemma in monetary policy
A. It is related to closed economy model.
B. It involves...
Which of the following is true for a normal good when there is a decrease in consumer income?
Two people enter a bus. Two adjacent cramped seats are free. Each person must decide whether to sit or stand. Sitting alone is more comfortable than sit...
Which of the following grants are provided from the center's resources over the 2021-26 period?
i) Grants to local bodies
ii) Disaste...
Which of the following are features of India's Green Revolution from the mid-1960s to the mid-1980s?
(1) Increase in crop productivity
Consider a Keynesian Cross Model with following features, Consumption Function: C= C0 + b (Y – T) Â
Tax Function: T = T0 + tY Â
I...
Jammu and Kashmir FRBM Act, 2006 has been passed as per the recommendation of_______.
Relevant for Exams:
