Question
Who founded the city of Amritsar?
Solution
Guru Ramdass, the fourth Sikh Guru, founded Amritsar, which has since been a central religious city for the Sikh community worldwide.
In the Constant Elasticity of Substitution (CES) production function, the value of the elasticity of substitution (σ) typically lies within which of th...
The data about sales and advertisement expenditure of a firm is given below
 Country A can produce 10 units of cloth or 20 units of wheat per day. Country B can produce 15 units of cloth or 15 units of wheat per day. Which of the...
The "Multiplier" effect is larger when the marginal propensity to consume (MPC) is:
What is the value of the balanced budget multiplier?
In the business cycle, the phase where economic activity is at its lowest point is called:
If the marginal propensity to save is 0.3 and the marginal propensity to import is 0.1, and the government increases expenditures by Rs. 10 billion, ign...
An oil exploration company intends to drill an exploratory well in each of two geologically unrelated regions A and B. If the probability of f...
Suppose incomes double over a period of years. Which sorts of product will experience the biggest increases in price?
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