Who among the following is not associated with the compensation principle of welfare economics ?
Substitution of leisure for income leads to
Which of the following describes the Lemons problem in economies ?
Answer:Bad currency drives out the good currency.
Assuming that firm A increases its advertising and firm B responds by increasing its advertising. If profits of both firms increase, then firms A and B are engaged in
Answer:`behaviour which cannot be understood in terms of games theory
Changes in the portfolio assets of the people take place due to
Answer:Current rate of interest in relation to future rate of interest
Which among the following measures the intensity of poverty ?
Answer:Square of Poverty Gap
Which among the following has not been declared as a special category State in India ?
In the context of project evaluation, the net present value method mainly depends upon :
Answer: interest rate prevalent at a given time
Which among the following economists advocated the use of social marginal productivity criterion ?
Trickle down strategy explains process associated with which of the following economic systems ?
Who among the following is not a regulator of financial sector in India ?
Answer:Competition Commission of India
Dumping in international trade means that a country
Answer:exports a commodity at a price less than its cost of production
International trade in goods and services is sometimes used as a substitute for all of the following, except
Answer:international movement of labour
If the elasticities of supply of exports and imports are large in relation to the elasticity of demand for exports and imports, devaluation of a country's currency will :
Answer:improve the terms of trade
Uruguay Round of negotiations concerned with which among the following ?