For Cobb-Douglas production function the elasticity of substitution is
Starting from a position where the nation's money demand equals the money supply and its balance of payments is in equilibrium its balance of payments w...
What will be the Balance of Payment in the above table?
Country A can produce 10 units of cloth or 20 units of wheat per day. Country B can produce 15 units of cloth or 15 units of wheat per day. Which of the...
If the economy is operating at point C, the opportunity cost of producing an additional 20 units of bacon is
Which of the following tests use rank sums?
What is the marginal rate of income...
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...
If quantities of all commodities change in the same proportion then
The impossible trinity is a concept in international economics which states that it is impossible to have all three of the following at the same time
