Question
Statements: Each Local is Town. Some Towns
are State. No Town is Village. Conclusions: I: No Local is Village. II: Some State are Locals. In the question below there are some statements followed by some conclusions. You have to take the three given statements to be true even if they seem to be at variance from commonly known facts and then decide which of the given conclusions definitely follows from the three statements disregarding commonly known facts.Solution
Each Local is Town (A) + No Town is Village (E) → No Local is Village (E). Hence conclusion I follows. Each Local is Town (A) + Some Towns are State (I) → No conclusion. Hence conclusion II does not follow.
When a firm’s decision to produce decreases the wellbeing of others, but the firm does not compensate those others. It is a case of______.
...Which of the following is not a test related to Heteroscedasticity?
India traditionally runs a large Merchandise Trade Deficit (Goods). What is the key component that typically counteracts this to keep the Current Accoun...
If the economy is operating at point C, the opportunity cost of producing an additional 20 units of bacon is
Under a fixed exchange rate system with perfect capital mobility, what happens when the government increases its spending?
An unbiased coin is tossed until a head appears. The expected number of tosses required is
Consider a closed economy wherein
C = 0.60 Yd  , t = 0.25 , I = 900 – 30i , G = 800, L = 0.20 Y – 50i , M/P = 500
Where in Yd = Dis...
In an open economy, ceteris paribus, If the marginal propensity to import increases, what will be the impact on Income Multiplier?
In the foreign exchange market price of US Dollar rises from ₹ 60 to ₹ 61. This means that_____