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Q. Explain about Employment Rate?
Employment Rate: This measures share of working age adults who are in fact employed in a paying position. Employment rate can be a better indicator of the strength of labour markets than unemployment rate (As the unemployment rate depends on whether or not a non-working individual is considered to be 'in' the labour force).
what is the theory of second best? prove the theorem with the help of a diagram.
Allocative Efficiency The production of products and services such that stages of production are closely tied to levels of customer demand.
Benefits of Education The returns a person/society (state/government) gets from acquiring education is referred to as benefits from education. If such returns are paid/receive
Sita expects her future earnings to be worth Rs. 100. If she falls ill, her expected future earning will be Rs. 25. There is a belief that she may fall ill with probability of , -
identify any four other law of demand and give examples
Inflation-Unemployment Trade-off under Rational Expectations : Robert Lucas (1972) pointed out another implication of the above hypothesis of adaptive expectations. Suppose in
define opportunity cost and how it is useful in managerial decision making?
Why is it so difficult for government to achieve all macro objectives simultaneously? Specifically showing possible trade-offs i.e. a) Stimulatory policies which enhance AD
Over the course of modern American economic history there have been market failures, various social problems, and other complexities that have resulted in certain resource markets
define statistics in plural and singular sense
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