Aisake Valu Eke has been elected as the Prime Minister of Tonga. A veteran politician, he secured a majority of votes in a secret ballot conducted in parliament. His leadership marks a significant phase for the Pacific Island nation, with the next general elections scheduled for November 2025.
If two or more than two goods are used to satisfy the same want, they are called
Which statement is correct regarding the situation of Inflation in an Economy?
The range of the correlation coefficient is?
Coefficient of elasticity of demand is negative. It means:
The term ‘Gross’ is being used for Gross Domestic Product (GDP) because its computation does NOT exclude which of the following factors?
Income effect states that as price of a good falls, demand rises since there is rise in
Price elasticity of demand of a horizontal demand curve is called:
An inferior good is one for which an increase in income causes a(n)
When a price ceiling is imposed in a market,
Which of the following will have the largest value while calculating national income?
