Introduction to...

The planning authority is expected to choose a production technique that ensures that the available resources are _____________.

The economic problems in a mixed economy are solved with the use of ____________.

The role played by price mechanism in a free-enterprise economy is taken up by the ___________ in a socialist economy.

The government in a mixed economy seeks to control price mechanism through which of the following policies?

Administered price mechanism is also called __________.

Consider the following statements and select the correct one/ones using the code given below:
1. Most economic transactions are in some sense 'positive - sum games'.
2. But in popular discussion of economic issues, there are often examples of 'mistaken zero-sum mentality'.
3. At times, profit comes at the expense of wages-higher productivity means fewer jobs, and 'imports mean fewer jobs here' - are the situations of 'mistaken zero - sum mentality'.

Provisional Input tax credit can be utilized against ______________.

In the private sector of a mixed economy, ____________ plays an important role in solving the basic economic problems.

The 'gilt-edged' market deals in: 

"Interest is a reward for parting with liquidity' is according to