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Which of the following is not a reason countries import goods?
Which of the following types of unemployment results from changes in the pattern of aggregate demand ?
Economic development may be hindered if there is
An increase in the price of a commodity from $10 to $ 15 leads to an increase in the quantity supplied from 10 units to 15 units. The price elasticity of supply is
Perfect knowledge of events in a perfect market will be made possible by the existence of
Which of the following best defines inflation?
Cyclical unemployment is one associated with
Which of the following will increase the nominal value of national income?
Due to an increase in price, a seller increases the quantity offered for sale from 400 units to 450units. What is the percentage change in quantity supplied?
Money will serve as a standard of deferred payment if it is
Co-operative societies formed to market the output of their members are called
The long - run average cost curve is made up of several short-run
Increase in supply due to changes in plant size will take place only in the
The supply of tea is linearly presented as p = 0 . 2Q, where P is the price and Q is the quantity. What is P when Q = 25?
The rate of increase in utility is
The profit of a producer is the difference between
If the coefficient of price elasticity of demand is 0.1, demand is
Goods consumed out of habit have
Which of the following is not a characteristic of a developing country? High
Examples of joint stock banks are