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The word 'COMPUTER' has 8 different letters. When the vowels OUE are always together, they can be supposed to form one letter. Then, we have to arrange the letters CMPTR (OUE). Now, 6 (5 + 1 = 6) letters can be arranged in 6! = 720 ways. The vowels (OUE) can be arranged among themselves in 3! = 6 ways. Required number of ways = (720 x 6) = 4320
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Comparative advantage is based on
You are given the following data for national economy of a country Y:
Equilibrium GDP is $6000 million.
MPC is 0.8
It is considered...
Which of the following are characteristic of the ‘Accelerator Theory’ of investment?
C= 0.8(1-t)Y , t=0.25, I=200 and G=800. Calculate the change in output when tax rate increases to 0.50
Labour theory of value was propounded by
I. Adam Smith
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US$/&...
According to John Maynard Keynes, which one of the following statements is correct for a closed economy operating at less than full employment level of ...
By _____________ economists refer to an unanticipated inflation that reduces the real value of outstanding government debt.