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Exchange Rate Policy: LERMS, a dual exchange rate system, was introduced in the Budget for 1992-93. Under this system, 40 per cent of foreign exchange earnings were to be sur
What currency was used in the 1700s? Ans) this is depends on the country. Most currencies, though, were based on gold and silver. In America, in the 13 colonies, tobacco wa
Aspects to promote administrative reforms: Following aspects to promote administrative reforms: 1) A closer focus on results in terms of efficiency and effectiveness, and
compare traditional modern and engineering cost curves
Strictly give the diff. btw the theory of reciprocal demand & theory of comparative advantage
Average Fixed Cost (AFC): AFC is the fixed cost per unit of output. AFC = TFC/y Since the TFC is constant throughout the short run, as y increases AFC will decline. Therefore
is country beter off with ban on imports?
three marginal conditions of pareto optimality
how to compute the price of a laptop increase of 20% and there is a 40% drop in the aquantity demanded
concept of supply
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