UGC NET Economics || Free Quiz || Jun 2023

The basic needs approach to economic development consists of ..........

Who among the following economists was not associated with the Dependency Theory of Development?

Assume that people like onions on their hamburgers. If the supply of hamburgers decreases, the demand for onions will most likely:

Indicators of external competitiveness of a country over a period of time are :

1. Normal Effective Exchange Rate (NEER) Index.

2. Real Effective Exchange Rate (REER) Index.

3. Rate of Interest (RI) Index.

4. Balance of Payments (BOP) Index.

Assertion (A): Revealed preference theory excludes the explanation of Giffen good.

Reasons (R): Revealed preference theory considers only negative income elasticity of demand