Question
Consider the following statements in regards to the
Economic Survey of India 2022-23: 1.   India became the 2nd largest mobile phone manufacturer globally 2.   Foreign Direct Investment flows into the pharma industry in India have increased by nearly four times. 3.   India became the 2nd largest automobile market (in Dec 2022), in terms of sales  Which of the above given statements is/are correct?Solution
India became the second-largest mobile phone manufacturer globally. Foreign Direct Investment (FDI) flows into the pharma industry in India have increased by nearly four times. India became the 3rd largest automobile market (in Dec 2022), surpassing Japan and Germany in terms of sales.
As the degree of product differentiation increases among the products sold in a monopolistically competitive industry, which of the following occurs?
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Umar has the utility function U(b,w) = min (b,w) and Akshat has the utility function U(b,w) = bw. If we draw an Edgeworth box with b on the ho...
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In a market economy
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Y = F(K,AL) = K1/3(AL)2/3
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By _____________ economists refer to an unanticipated inflation that reduces the real value of outstanding government debt.
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