What is an Oligopoly Market? It is the market structure in which there are few sellers (two or more), a limited (or given) market, and almost identical, very close substitutes. Due to the given size…
Topic – Economy, Trade & Industry 1) Which of the following statements is normative? Large government deficits cause an economy to grow more slowly. People work harder if the wage is higher. The unemployment rate…
Nepal initiated to promote foreign investment formally by the enactment of the Foreign Investment Act 2038 BS. Probably it was the first attempt to attract foreign investment through a specific act in South Asia. However,…
Nepal Bank Gold Tester (Kanistha Sahayak) Old Question 2082 This question set was asked on 2082/04/13 for the post of Gold Tester (Kanistha Sahayak) in the open competition. The Nepal Bank Gold Tester (Kanistha Sahayak)…
Status of Foreign Trade in Nepal Nepal’s foreign trade has increased over the years in terms of both the total trade-to-GDP ratio and in absolute value. For example, total foreign trade was around 32% of…
Isoquant and Its Properties An Isoquant is a locus of points that represents various combinations of any two inputs that give the same level of output. If capital K and labor L are two inputs…
Production Function: Technical relationship between the input and output It shows the technically efficient ways of producing the output Physical relationship between the input and output, and does not show the monetary or economically efficient…
What is an Indifference Curve? An indifference curve (IC) is the locus of a point that represents the same level of utility given by various combinations of any two commodities. An IC is an analytical…
International Economics International business theories explain why countries trade with each other and the benefits derived from such trade. These theories can be broadly categorized into classical and modern, with the former focusing on country-level advantages…
Normal Goods: Goods whose demand increases when income increases. For eg, Branded clothes, smartphones. As your income rises, you tend to buy more branded clothes. Inferior Goods:Goods whose demand decreases when income increases. For eg,…