Q. Elucidate the meaning of the statement- coffee also teas are close substitutes.
Q. Elucidate which of the subsequent best exemplifies the "guiding function" of costs?
Q. Elucidate why does money make it easier to barter also exchange goods also services
Q. Distinguish among microeconomics also macroeconomics also identify some relevant topics to each
Q. In the former Soviet Union, producers were paid for meeting output targets, not for selling products. Under those circumstances, illustrate what were the economic incentives for producers?