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Indian Economy
__________ resources are those resources whose quantity is known.
Natural resources
Actual resources
Potential resources
Abiotic resources
Correct Answer:
Actual resources
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Indian Economy
The _________ balance is equal to capital flows from the rest of the world, minus capital flows to the rest of the world.
If a consumer's demand for a good moves in the same direction as the consumer's income, the consumer's demand for that good must be inversely related to the price of the good is called __________.
If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the average revenue is zero.
The average variable cost curve is ____ shaped.
If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is zero.
The short run marginal cost curve is ____ shaped.
In a centrally planned economy, the ____________ plans all the important activities in the economy.
_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.
The ________ curve represents the demand of all consumers in the market taken together at different levels of the price of the good.
For a price taking firm, average revenue is ______ market price.
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