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Government planners play a central role in allocating resources:

A. Only under socialism(communism)

B. Only under capitalism

C. Under both (a) and (b)

D. None of the above

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. Robbins definition of economics was criticised by:
  2. Which is the correct statement?
  3. Equilibrium of a firm represents maximization of profits as well as:
  4. Consumers Surplus can also be defined as:
  5. The point on which the average cost is minimum in a firm, short run average cost curve will also be…
  6. If the commodity is normal then fall in price will result in:
  7. In second degree price discrimination, monopolist takes away :
  8. The Modern and Neo-Keynsian Theory of Interestwas presented by:
  9. Revealed Preference Theory was presented by:
  10. The budget constraint can be written as:
  11. In cournot model, each firm expects a reaction from his rival but the expected reaction is not:
  12. The production process is:
  13. Change in quantity demanded refers to:
  14. The relationship between AC and MC curves depend upon the behavior of:
  15. From analysis, it is clear that both Marshal and Walras market models are:
  16. Demand of a commodity is elastic when:
  17. A monopolist will fix the equilibrium output of his product where the elasticity of his average revenue…
  18. If the production increases under decreasing returns to scale, the cost will:
  19. Along an isoquant, output remains same, and capital labor ratio:
  20. The slope of budget line shows the price ratios of:
  21. In the case of a giffen good, the income effect:
  22. If the commodity is normal then price effect is:
  23. Market allocation fundamentally relies upon:
  24. The advertisement and other selling activities:
  25. The equilibrium of a firm is determined by the equality of MC and MR in only:
  26. In the real world, some competitive firms owns specialized resources that earn a return called:
  27. We can measure consumers surplus with the help of
  28. In case of short-run, the supply curve of an industry is the horizontal summation of:
  29. In an indifference curve diagram, when the price of a product increases, the decline in quantity demanded…
  30. Suppose income increases by 10% and demand for commodity increases by 5% then the income elasticity…