Question
Any harm whatever illegally caused to any person, in
body, mind, reputation or property is called:Solution
 IPC: Section 44 “ Injury”—The word “injury” denotes any harm whatever illeÂgally caused to any person, in body, mind, reputation or properÂty. Â
Consider an exchange economy with two agents, 1 and 2, and two goods, X and Y. Each agent's consumption set is in +R2. The endowments of agents 1 and 2 ...
According to the Taylor principle, for inflation to be stable, the central bank must respond to an
increase in inflation with...
Concepts of displacement and concentration effect in public expenditure are attributed to
-
A.C. Pigou an...
-
The absorption approach of analyzing balance of payment was formulated by:
Ramsay retest is used for
What is the dual problem for given linear programming problem?
Z = Max (4x1 + 5x2 + 7x3)
s.t. 3x1 + x2 + 6x3Â <= 3
x1 + 2x2 + x...
What will happen when supply elasticity is less than demand elasticity?
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...
Which of the following statements accurately describes the concept of Tax Incidence when the supply curve for the taxed good is perfectly elastic (ES=ďż˝...
In case of Multicollinearity, if the Ri2(Coefficient of auxiliary regression on independent variables) is 0.80 and the variance of the OLS es...
