..............ECONOMICS..............

disembodied technical progress

disembodied technical progress Improvements in technical knowledge that allow more output to be obtained from given inputs without t...
embodied technical progress

embodied technical progress Improvements in technical knowledge which can be exploited only by investment in new equipment; technical ...
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......CONSUMER BEHAVIOUR..... Question 1 Who said: “The theory of economics must begin with a correct theory of consumption.” Jer...
SKEWFLATION

Skewflation refers to inflation insome commodities , deflation in others. India’s Economic survey 2010-11 says: The year 2010-11 has bee...
Production Possibility Frontier (PPF).

PPF is a graph/table that shows the maximum possible combinations of outputs that can be produced from given inputs. Simplifying assumpt...
OBJECTIVE...

1. “An Enquiry into the Nature and Causes of Wealth of Nations” is the book of economist— (A) Adam Smith (B) Marshall (C) Robbins (D) None ...
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.....INTRODUCTION TO ECONOMICS............ Question 1 Microeconomics concepts can help you make better personal decisions. For examp...
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Chapter 1-Macro Economics... Question 1 Macroeconomics distinguishes between the real economy and the… a) …monetary economy. b) ...
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........FACTORS OF PRODUCTION..... Question 1 A common measure of a nation's productive output is its: Capital factor income ...
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............DEMAND........... Question 1 The Law Of Demand states that: 1. The lower the price, ceteris paribus, the more units a...

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