Questions

In a centrally planned economy, the ____________ plans all the important activities in the economy.

At the equilibrium price

If for a perfectly competitive firm, price is Rs 7.2, output is 4500 units, average variable costs are Rs 1.2, and average total costs are Rs 4. The firm's profits are equal to

Macro economics deals with

In a period when an economy is facing price rise, and along with that there is slowing down of economy activities, this is case of _________.

NaCl is a salt which is made up of

The number of valence electrons in an atom of Phosphorous is

Read each sentence to find out whether there is any error in any underlined part and indicate your response in the Answer Sheet against the corresponding letter i.e., (a) or (b) or (c). If you find no error, your response should be indicated as (d).