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Situation theory of leadership believes that leadership emerges from the situation and is influenced by the situation. As a result leadership differs from situation to situation. F.E. Fielder, who is important proponent of this theory, feels that people welcome leaders because of situational factors.
Sonia has decided to always spend one-tenth of her income on shoes. Her income and price elasticities of demand for shoes are
The difference in GNP and NNP is because of
For any given price, a firm in a competitive market will maximize profit by selecting the level of output at which price intersects the
The graph that shows the relationship between the size of a tax and the tax revenue collected by the government is known as a
Comparative advantage is based on
If the correlation between x and y is 0.6 covariance is 27, variance of y is 25, then what is the variance of x?
In an open economy, ceteris paribus, If the marginal propensity to import increases, what will be the impact on Income Multiplier?
Suppose the wedding dress industry is a perfectly competitive constant cost industry. Suppose also that market demand for wedding dresses is described b...
Consider the game:
What is the dominant strategy o...
