In a ________ economy, all important economic activities are determined by the government.
centrally planned
In a centrally planned economy, the government controls all major aspects of the economy, including allocation of resources, production, and pricing. This is in contrast to a market economy where decisions are taken by individuals and businesses.
Which of the following is NOT a part of the trade and investment policy reforms initiated under the New Economic Policy reforms in 1991?
Any point below the concave production possibility curve means which of the following?
(a) Undernutilisation of resources
(b) Wastage of Resources
The Montreal Protocol is associated with the problem of ________.
Which of the following is NOT a method of measurement of national income?
The Sen index is a tool for the measurement of:
| List I (Name of Shifting Cultivation) | List II (Country) |
| A. Milpa | 1. Zaire |
| B. Ladang | 2. Brazil |
| C. Rocca | 3. Malaysia |
| D. Masole | 4. Mexico |