Question
Which two numbers should be interchanged to make the
given equation correct? 8 + 7 × 5 ÷14 – 3 = 6ÂSolution
The correct answer is C
In an economy, S=-100+0.6Y is the saving function. If investment expenditure is 1100. Calculate consumption expenditure at equilibrium level of national...
The Stolper-Samuelson theorem is a result in international trade theory. According to this theorem, an increase in the price of a good will:
Which stage in Rostow's Stages of Economic Growth is characterized by the expansion of modern technology across all sectors and the development of new, ...
Consider A’s utility function to be U(x,y)=(min{X,Y})1/2, the price of good X is Rs.2 and price of good Y is Rs.1. Calculate the total Util...
The Travel Cost Method (TCM) is a Revealed Preference Method. What type of environmental good or service is it typically used to value, and what actual ...
The 'Crowding Out' effect of fiscal policy refers to:
A government recently introduced the Policy mix of Monetizing Budget deficit to revive the economy. Using the IS-LM framework, the impact on Output and ...
Which of the following demand functions has unitary elasticity everywhere?
If the currency-deposit ratio equals 0.5 and the reserve-deposit ratio equals 0.1, then the money multiplier is
Which of the following statements is incorrect regarding Phillips’s curve?
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