Indian Economy Questions

A graph that describes the maximum amount of one good that can be produced for every possible level of production of the other good is nothing but a production possibilities curve.

Assessing opportunity cost involves making choices and dealing with consequences.

In national income accounting, government purchases by Local, State and Federal governments.

Mixed economy is the most common economic system in the world.

A credit card's interest rate is the price you pay for borrowing money. For credit cards, the interest rates are typically stated as a yearly rate. This is called the annual percentage rate (APR). On most cards, you can avoid paying interest on purchases if you pay your balance in full each month by the due date.

Your APR is expressed in terms of a year, but credit card companies use it to calculate charges over your monthly statement period.