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The correct answer is A
“ All Giffen goods are inferior, but all inferior goods are not Giffen”. The statement is
The wealth distribution in a certain country is described by following Lorenz Function
F(x) = 3x6 where ...
Excess Capacity is not found in?
If the R2value for a regression line is 0.70 for 50 observations. What is the adjusted R-square value if the number of independent variables ...
The concept of vicious circle of poverty is associated with
The credit manager at a Departmental store collects data on 100 of her customers. Of the 60 men, 40 have credit cards (C). Of the 40 women, 30...
Suppose the nominal interest rate is 7 per cent while the money supply is growing at a rate of 5 per cent per year. If the government increases the grow...
Which of the following steps can be taken to reduce current account deficit in India?
1. Setting the import quota limits
2. reducing expor...
Let the utility function of a consumer be given by U(x,y) = min {y+2x, x+2y}. Prices are given by Px=1, Py=3, while the consumer’s income is...
The short-run production function of a firm is Q =200+ 0.2L2 - 0.0004L3
If wage rate equals Rs. 140 and the num...