Question
Statements: Some P are Q All Q are R
Some R are S Conclusions: I. Some R are not P II. All R are P In each of the questions below some statements are given followed by some Conclusions. You have to take the given statements to be true even, if they seem to be at variance from commonly known facts. Read all the conclusions and then decide which of the given conclusions logically follows from the given statements disregarding commonly known facts.Solution
A decrease in the tax to GDP ratio indicates which of the following:
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Slowing economic growth rate
If Y = -10X and X = -0.1Y, then r is equal to:
Based on the sticky-price model, the short-run aggregate supply curve will be steeper, the greater
the_____
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...
Suppose the relationship between Y and two explanatory variables in true model is Yi = 5+2.4X1i-3.5X2i + ei . What is the value of beta(1) in the regres...
There is a situation in which there is an extreme fall of demand for loans. What should be done by banks in such a situation?
The Impossible Trinity (or Trilemma) in international finance states that a country cannot simultaneously have:
A bag contains 8 Black and 4 White balls. 10 balls were randomly selected from the Bag. What is the probability that out of the 10 balls selected at ran...
When estimating a structural equation in a simultaneous-equation model (e.g., a supply-demand model), why does the use of Ordinary Least Squares (OLS) o...
In the Solow model, what is the effect of an increase in the saving rate on the long-term growth rate of an economy?
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