Author of book capitalism today and yesterday is written by Muerice Dobb Bad money derives out good money is called grasham law Big push industrilisation relative better in china Bilateral monopoly solution is determinate Capital to output ratio increase in additional unit of capital to total output Cartesian subset is called relation Closed economy the price is not effected by exchange rate Consumption is function of income Cross elasticity of demand unrelated goods is zero Debt burden of pak increases due to forign debt and servicing Devalution of currency increase the revenue the country if export demand is elastic Discrete probility is also binomial probility Diveragence of cob douglus function supply curve is greater then demand curve Dumping in monopoly Elasticity of demand of hyperbola costant equal to one Elasticity of income to inferior good is negative Engle curve is relation between income and consumption Euro currency in contries actually 19 countries but not a option so 15 is right Forign assistance to unproductive reason increase the inflation Game theory about the rival firm Gdp to tax ratio in pak is very low is about 9% Gini coefficient is relation between population and income distribution Human resourse development is called knowledge skill etc Income demand for inferior goods is negative Is curve of goods market Is lm presented by hicks hanson Life cycle of modigilani and richerd brumbrug Liquidity trap occurs at very lower rate Market surplus occurs when difference between demand and supply is positive. Marshallian utility can be added Measure of economic development is personal income Micro economics called price theory Money is money does by prof sigwick Monoposony increase in price of labour then increase in expenditure Mpc and apc falls then mpc<apc but in paper that option is wrongly printed Nash equilibrium player not deviates the his strategy Not direct tax that is the sales tax Oldest one between different organization FAO Opec established in 1960 Physical euro coins and banknotes entered into circulation on 1 January 2002, Price machnism is also called price system Price taker firm means can not influence in market Public limited company in stock exchange Qualitative data measured best by mode Quantity of money and supply of money are synonyms Revealed preferences theory about two goods Social cost is equal to private cost +polution Speculative demand for money is inversely related with interst rate Statistics calculated by population Sumealson got noble prize in 1970 Supply curve of competitive firm is mc The profit earnd by difference of market is called arbitage Variable withen economics variable is called endogenous variable Wir report is published by unctad