Tanya Bhatia is teaching live on Unacademy Plus
COMPLETE ANALYSIS OF DEC 2018 PAPER BY TANYA BHATIA
Q.14 Opportunity cost theory assumes that Otn1.Labour is homogeneous. 2 Labour is the only factor of production. 3 Cost of commodity is equal to labour cost only
Global Competitiveness Report is released by which of the following organisations? . World Trade Organisation 2 European Union 3. World Bank 4. World Economie Forum
Historically the terms of trade of the developing countries have been unfavourable due t the fact that when income in developed countries rises, the demand for primary goods declines because Q.16 plions1. Income elasticity of demand for primary goods is low. 2. Price elasticity of demand for primary goods is high. 3. Income elasticity of demand for primary goods is zero. 4. Income elasticity of demand for primary goods is high.