Suggest export promotion organizations that may be approached by an engineering goods manufacturer in India for exploring international marketing opportunities. Summarize their major activities to facilitate exports.

What is meant by derived demand of a factor?

What has been the impact of the WTO on Indian economy?

Discuss the concept of excess capacity associated with the long run equilibrium under Monopolistic competition.

The concept of quasi-rent is an extension of the Ricardian concept of rent to other factors of production. Elucidate.

Discuss Joseph Schumpeter's theory of profit.

Discuss various forms of government interventions intended to internalize externalities.

Discuss various forms of government interventions intended to internalize externalities.

Using appropriate diagram, show how interaction of demand and supply curve in land market leads to determination of equilibrium rent.

What is meant by Pareto efficient allocation of resources? Is Perfect competition market equilibrium Pareto efficient? Discuss using appropriate diagrams.

Consider the following Table 1 which represents labour time (in minutes) requirements for the production of a unit of commodity X and Y by country A and B, and answer the questions that follow:

Table 1: Labourtime (in minutes) requirement for production of a unit of Good X and Y by Country A and B

(i) Which country among A and B has absolute advantage in producing commodity X and which has in producing commodity Y? Give reason. 3

(ii) Which country among A and B has comparative advantage in producing commodity X and which has in producing commodity Y? Give reason. 3

(iii) Suppose after trade each country specialises in production of commodity in which it has a comparative advantage, which country will specialise in producing commodity X?

A country can have a comparative advantage in producing a good even if it is absolutely less efficient at producing that good. Do you agree? Explain using an example.

A country can have a comparative advantage in producing a good even if it is absolutely less efficient at producing that good. Do you agree? Explain using an example.

With regards the Kinked demand curve theory given by Paul Sweezy, answer the following:

(i) What does the kinked demand curve model of oligopoly assumes about the price elasticity of demand? 

(ii) Comment upon the discontinuous shape of the Marginal revenue curve under this model

Discuss the features of an Oligopolistic market structure. What are the various reasons that lead to emergence of this market structure?

उस स्थिति में कर का भार कौन वहन करता है जब वस्तु की माँग पूर्णतया लोचदार हो तथा पूर्ति सामान्यतया लोचदार ।

एक ऐसे आय उपभोक्ता वक्र की रचना करें जहाँ वस्तु बाज़ार में क्षितिजीय अक्ष पर आवश्यक वस्तु तथा ऊर्ध्य अक्ष पर श्रेष्ठ वस्तु का प्रदर्शन हो रहा हो।

अंतर्पण्य (Arbitrage) से आप क्या समझाते हैं?

अंतर्पण्य (Arbitrage) से आप क्या समझाते हैं?

'उपभोक्ता की बचत की अवधारणा हासमान सीमांत उपयोगिता के नियम से व्युत्पन्न की जाती है- व्याख्या करें।