In a Harrodian economy, ICOR is 4.5 : 1, population growth is 2% per annum, and the investment rate is 27%. Hence the annual growth of per capita will be
Suppose a firm with market power faces the following inverse demand P=4-(Q/20) The firm has the cost function C= 100 +8.4Q-(5/4)Q^2+(1/30)Q^3. Answer
a.Calculate the firm's market power as measured by the Lerner Indec.
b. Suppose the firm is contemplating investing $5 in R&D that , if successful, would change the demand to P=6-(Q/20) and the cost function to C=50+8.5Q-(7/10)Q^2+(1/60)Q^3. Find the minimum probability of success needed to convince the firm to invest in the innnovation.
In the most recently presidential election, Donald Trump won the electoral college vote, but lost the popular vote by 3 million votes. With this in mind, should the electoral college be abolished? What would have to happen to bring about a movement to do away with it? Who might support this effort? Who would be likely to oppose it?
You are given the following information about the economy: autonomous consumption = $300 billion planned investment = $300 billion government spending = $500 billion mpc = .8 imports = $200 billion exports = $500 billion
g. If full employment Y = $6000 billion, is there a recessionary or inflationary gap?
h. If full employment Y = $6000 billion, what is the GDP gap?
i. What kind of fiscal policy (expansionary or contractionary) could help the economy close the gap?
j. If you decided to change government spending, how much would you change G to close the GDP gap?
k. If the value of the dollar depreciated, how would this affect net exports? AD?
What is the efficient allocation of a two period model, given a constant demand curve, P= 20 – Q, a discount rate of 10% and a MC=6. Assume the total supply is estimated to be 20 units
In the two-period model the consumer aimed to die with zero assets. What would be the planning horizon of parents who wished their children to enjoy the same standard of living that they experienced? What is the planning horizon if every generation feels this way? Does every generation feel this way?
please reflect on the economic effects of the lifting of sanctions against Iran as a result of the Agreement. Who benefits from lifting the sanctions? Are sanctions a smart tool of foreign policy?
Who, among the following Governor Generals, created the Covenanted Civil Service of India which later came to be known as Indian Civil Service (ICS)?
(a). Warran Hastings
(d) Willian Bentick
Who of the following is the author of a collection of poems called 'Golden Threshold’?
(a) Aruna Asaf Ali
(b) Annie Besant
(c) Sarojini Naidu
(d) Vijayalaxmi Pandit
Who, among the following, wrote the poem 'Subah-i-Azadi’?
(a) Sahir Ludhiyanvi
(b) Faiz Ahmed Faiz
(c) Muhammad Iqbal
(d) Maulana Abul Kalam Azad
Match List-1 (Author) with List-II (Work) and select the correct answer using the codes given below the lists
A. Bankim Chandra Chatterjee
B. Dinbandhu Mitra
1. Shatranj Ke Khilari
2. Debi Chaudharani
3. Nil Darpan
Codes : A B C
(a) 2 4 1
(b) 3 4 2
(c) 2 3 1
(d) 3 1 4
Which one of the following places was associated with Acharya Vinoba Bhave's Bhoodan Movement at the beginning of the movement ?
Consider the following statements :
1.The Charter Act, 1853 abolished East India Company monopoly of Indian trade
2.Under the government of India Act, 1858 the British Parliament abolished the East India Company altogether and undertook the responsibility of ruling India directly.
which of the statement(s) given above is / are correct ?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Consider the following statements :
1.Warren Hastings was the first Governor General who established a regular police force in India on the British pattern.
2.A Supreme Court was established at Calcutta by the Regulating Act, 1773
3.The Indian Penal Code came into effect in the year 1860
Which of the statements given above are correct ?
(a) 1 and 2
(b) 2 and 3
(c) 1 and 3
(d) 1, 2 and 3
Who, among the following, repealed the Vernacular Press Act.
(a) Lord Dufferin
(b) Lord Ripon
(c) Lord Curzon
(d) Lord Hardinge
Consider the following statements:
1.In the Third Battle of Panipat, Ahmed Shah Abdali defeated Ibrahim Lodi.
2.Tipu Sultan was killed in the Third Anglo-Mysore War.
3.Mir Jafar entered in conspiracy with the English for the defeat of Nawab Sirajudaulah in the Battle of Plassey.
Which of the statements given above is / are correct?
(a) 1, 2 and 3
(b) 3 only
(c) 2 and 3
(d) None of these