Podcast
Questions and Answers
What is the subject matter of economics?
What is the subject matter of economics?
- Nature of state and government
- Matter and energy
- Explaining important issues faced by individuals and society (correct)
- Constitution and evolution of living organisms
Why do government employees demand higher dearness allowance when prices go up?
Why do government employees demand higher dearness allowance when prices go up?
- To maintain their purchasing power (correct)
- To lower their expenses
- To increase their savings
- To balance the budget deficit
What determines the level of national income?
What determines the level of national income?
- Various factors like consumption, investment, and government spending (correct)
- Government's taxation policies
- Price of essential commodities
- Unemployment rate
What explains the existence of massive poverty in countries?
What explains the existence of massive poverty in countries?
Why did many advanced countries experience recession during 2008-2010?
Why did many advanced countries experience recession during 2008-2010?
How does China achieve a higher rate of economic growth than India?
How does China achieve a higher rate of economic growth than India?
What is the main reason why the Indian government has followed the policy of privatisation and globalisation?
What is the main reason why the Indian government has followed the policy of privatisation and globalisation?
Why do developing economies face the problem of deficits in their balance of payments?
Why do developing economies face the problem of deficits in their balance of payments?
What type of questions are addressed by economics as a social science?
What type of questions are addressed by economics as a social science?
Why is the study of economics important for individuals and citizens?
Why is the study of economics important for individuals and citizens?
What do producers decide in the process of production?
What do producers decide in the process of production?
Why does the subject of economics hold a place of pre-eminence in today's world?
Why does the subject of economics hold a place of pre-eminence in today's world?
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