Questions

Match the characteristics with their market structure:
(a) Expand out put until MC = MR
(b) Elasticity of demand depends on pricing policies of rivals

The closest example of a centrally planned economy is the __________ for the major part of the 20th Century.

In a market system, the central problems regarding how much and what to produce are solved through the coordination of economic activities brought about by ________ signals.

Goods for which demand move in the opposite direction of the income of the consumer are called?

A hand made paper workshop can hire 8 craftsmen by paying them Rs 400 per person per day. The 9th craftsman demands Rs 450 per day. If this craftsman is hired then all other craftsmen must be paid Rs 450. The marginal resource (labour) cost of the 9th craftsman is

The Lachman test is used to evaluate stability of the

In the following passage some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

Books are our ______ friends. They are our guides. We can learn everything from them. The books contain all the great ______ of the world's leaders and we can learn them by reading the books. The books help us find ______ to our questions. The books never fail us. We should read as ______ books as we can. But all books are not good. So we should ______ only good books.

the great ______ of our world.

Which of the following is not correct with reference to Bio-sand Water Filter?