Category: Economics

A distinguishing feature of the high growth era (2003-08) was the increase in private corporate savings. Do you agree? Substantiate your answer. How crucial is the role of investment in infrastructure, if India is to sustain a high rate of economic growth in future?(8+ 7-15 marks)

➤ Can private agreements resolve externality problems?
Sometimes. The Coase theorem says well-defined property rights and low transaction costs let parties bargain to an efficient outcome. In practice, many affected parties, high transaction costs, or public goods nature block private deals. Then legal rules, taxes, or regulation usually offer more practical solutions.

Arrow (1951) shows that when the number of alternatives in X is restricted to just two, the method of majority voting does yield a social welfare relation that satisfies the conditions of Assumption 6.1. Verify, by example or more general argument, that this is indeed the case.

The Blue-Ribbon National Commission on Technology, Automation and Economic Recommended in 1966:Question 1 options:
Guaranteed minimum income to all families.
Two years of free education in community or vocational colleges.
Use government as employer of last resort.
All of the above.

Question 11 (2 points)
The cost of using a good for one purpose is equal to the value that good could have earned in its best alternative use. This is the concept of
none of the above
opportunity cost
alternative value
second best choice
alternative cost

When discussing what resources a new vebture needs one issue that many ventures struggle eith when they ate nascent it new is cash flow. As discussed the root csuse if cash flow issues can be many. Our ability to measure this as bew venture has 3 divergent source? What are they?

Concerning the British grazing commons:
Option AMost were well managed and a few still exist.
Option BThey were all overgrazed.
Option CThey were all enclosed in the nineteenth century.
Option DThe British went from farming cattle to farming sheep and the commons problem disappeared.