Macroec
Examples of command economies are: a) the United States and Japan b) Sweden and Norway c) Mexico and Brazil d) Cuba and North Korea
If the liability to give a tax is on one person and the burden of tax fall on some other person, state the kind of tax? Answer: These are indirect taxes like sales
In market economies, what are the signals which guide economic decisions?
When cost of a foreign currency increases its supply too increases. Elucidate why?
In the figure shown below, line T0 depicts a tax system which is: (1) Progressive. (2) Regressive. (3) Proportional. (4) Unbiased. (5) Recessive. Q : Difference between APC and MPC Differentiate between APC and MPC. The value of which of them can be greater than another and when? Answer: APC is the average
Differentiate between APC and MPC. The value of which of them can be greater than another and when? Answer: APC is the average
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
Macro Economics: Macro economics studies the economy as an entire.
The fact that most of the necessities for life like water are priced much lower than the frivolities like diamonds is addressed by the: (1) Utilitarian enigma. (2) Law of diminishing marginal utility. (3) Rational ignorance of hypothesis. (4) Paradox of the value. (5)
Consider a model economy with a production function Y = K0.2(EL)0.8, where K is capital stock, L is labor input, and Y is output. The savings rate (s), which is defined as
How will you treat the given in estimating rational income of India? Provide reasons for your answer. (i) The value of bonus shares received by the shareholders of a company.(ii) Interest received on loan pro
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