Physical quality of life index
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
The Income effects will be most strongly positive for: (1) Normal goods. (2) Necessities. (3) Superior or luxury goods. (4) Substitutes and much negative for the complements. Find out the right answer from the above options.
The demand for a resource will increase if the
People in whole the world confront the difficulty of scarcity at always because: (i) restricted resources and times preclude producing all the goods people need. (ii) greedy capitalist monopolies charge excessively high prices. (iii) international mar
Explain the statement "Hypothes is the basic short run and long run behaviors of the airline industry in a market economy".
Inflation is frequently described as "too much money chasing too few goods." Is this a satisfactory definition?
Administrative revenue: Administrative revenueis the revenue which occurs on account of the administrative function of government. It comprise: (a) Fees (college/school) (b) License fees paid to obtain permission to carry out a service (c) Fines and p
planned investment. planned saving. the difference between planned saving and actual saving. the difference between planned investment and actual saving.
The most probable of the following to be a poorer good for most American families who purchase some of each of such products throughout a given year would be: (i) Plastic surgery. (ii) College textbooks. (iii) Films on DVD. (iv) Cup-a-Noodles soup. (v) Downloads for t
Write a brief note on plan and non-plan expenditure of the government with illustration. Answer: Plan Expenditure
Explain the concept of “economies of scale” and “increasing returns”.
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