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Statement 1 is incorrect -: Recently the 2022 Global Gender Gap Index was released by the World Economic Forum (WEF). Political Empowerment: This includes metrics such as: The percentage of women in Parliament, the percentage of women in ministerial positions etc. Of all the sub-indices, this is where India ranks the highest (48th out of 146). However, notwithstanding its rank, its score is quite low at 0.267. Statement 2 is correct -: The silver lining is that despite the reduction, India’s score is above the global average in this category. Economic Participation and Opportunity: This includes metrics such as: The percentage of women who are part of the labour force, wage equality for similar work, earned income etc. Here, too, India ranks a lowly 143 out of the 146 countries in contention even though its score has improved over 2021 from 0.326 to 0.350. Educational Attainment: This sub-index includes metrics such as: Literacy rate and the enrolment rates in primary, secondary and tertiary education. Here India ranks 107th out of 146, and its score has marginally worsened since last year. Statement 3 is correct -: Health and Survival: This includes two metrics: The sex ratio at birth (in %) and healthy life expectancy (in years). In this metric, India is ranked the last (146) among all the countries.
A table indicating various levels of demand at various prices is termed as
Demand analysis includes
Under perfect competition, the long-run equilibrium of the firm is established at
The positive cross elasticity of demand between two products means the two products
When the economist speaks of an increase in demand, he is usually referring to a ____________________
The statement, "The elasticity of demand may be defined as the percentage change in quantity demanded which would result from 1 percent change in price"...
Pricing decision includes
Movement along a demand curve as a result of change in price is known as
From the resource allocation point of view, perfect competition is preferable because
The reasons for L-shaped long run average cost curve is/are
