Which of the following is correct with respect to a minor’s liability for ‘necessaries’ supplied to him?
A supplied the wife and the children of B, a lunatic, with necessaries suitable to their conditions in life. A is entitled to be reimbursed from the B’s property. English law also persists an action for the necessaries supplied to the minor (infant). All contracts entered into by minors for goods supplied or to be supplied (other than contract for necessaries) shall be absolutely void
A government recently introduced the Policy mix of Monetizing Budget deficit to revive the economy. Using the IS-LM framework, the impact on Output and ...
Non-spherical errors are related to
Given the following data for an economy:
National Income: $700 billion
Depreciation: $50 billion
Indirect taxes minus subsidie...
If interest payments are subtracted from gross fiscal deficit, the remainder will be
Which of the following statements about graphs of short-run cost curves is false?
Money multiplier equals:
Transaction demand for money, Mt = 0.5Y. Speculative demand for money, Msp = 100 – 250 i
Money supply Ms = 300
LM equation from the a...
If the market demand is given by Q=250-50p and supply Q=25p+25 then what is equilibrium price in market
The level of current inflation is 9% and inflation for the previous year was 6%. The strength of the effect of unemployment on the wages is 2. Calculate...
In which of the following case , the production cost curves shifts upward?