Question
Who developed the Human Development Index (HDI) and
which organization publishes it?Solution
The Human Development Index (HDI) was developed by Pakistani economist Mahbub ul Haq and is published annually by the United Nations Development Programme (UNDP). The HDI is a statistical tool used to measure a country’s overall achievement in its social and economic dimensions, reflecting the health, education, and income of people.
A rightward shift in supply curve indicates
When AR is constant, MR is
A high value of cross-elasticity indicates that the two commodities are
Statement “Price is the amount of money and/or other item with utility needed to acquire a product" is given byÂ
A movement along a demand curve indicates that a different quantity is being demanded
This movement is due to
Elasticity of demand is based on which of the following factors?
Pricing decision includes
Market with one buyer and one seller is called
The goods whose demand is not tied with the demand for some other goods are said to haveÂ
Which one of these is an exception to the law of demand?
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