The foreign capital investment in India on the eve of independence concentrated on the following sectors of the economy

(i) railways

Suppose that a firm has the cost function for a plant as given below

C(w, r, q) = 0.5q(w+r)

Consider a closed economy wherein

C = 0.8 Yd   , t = 0.25 , I = 900 – 50i , G = 800, L = 0.25 Y – 62.5i , M/P = 500

  If the wage contracts gets better indexed with the prices, what will happen to the effect of unemployment on inflation?

Which of the following pairs of goods is/are likely to have a positive cross price elasticity of demand?

(1) Cars and Petrol

Balance of Trade is measured as:

Consider a closed economy wherein

C = 0.8 Yd   , t = 0.25 , I = 900 – 50i , G = 800, L = 0.25 Y – 62.5i , M/P = 500

Which of the following pairs is INCORRECT considering the constitutional provisions of the Comptroller and Auditor General of India?