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The fourth quadrant also has Frequently Asked Questions (FAQs) and their answers to clarify common misconceptions among students. [ 10 ] The University Grants Commission (UGC) considers that universities should play a key role in publicizing and popularizing SWAYAM courses among their learners and the university, enabling them to gain from ...
Equity premium puzzle: The equity premium puzzle is thought to be one of the most important outstanding questions in neoclassical economics. [6] It is founded on the basis that over the last one hundred years or so the average real return to stocks in the US has been substantially higher than that of bonds.
In economics, economic equilibrium is a situation in which the economic forces of supply and demand are balanced, meaning that economic variables will no longer change. [ 1 ] Market equilibrium in this case is a condition where a market price is established through competition such that the amount of goods or services sought by buyers is equal ...
Mathematically, social marginal cost is the sum of private marginal cost and the external costs. [3] For example, when selling a glass of lemonade at a lemonade stand, the private costs involved in this transaction are the costs of the lemons and the sugar and the water that are ingredients to the lemonade, the opportunity cost of the labor to combine them into lemonade, as well as any ...
The game of seven stones, which is one of the 75 games featured by Bharatiya Khel. Bharatiya Khel (Hindi: भारतीय खेल, transl. Indian Games) is an initiative of the Indian government under the National Education Policy (NEP) and Indian Knowledge Systems (IKS) policies to introduce 75 traditional Indian games into schools across the country.
With probability 1, give car to Alice, then with probability 1/3 give the house to Alice, otherwise give it to George. The expected utility is (2 + 3/3) = 3 for Alice and (9 × 2/3) = 6 for George. Again, both allocations are ex-post PE. While both lotteries are ex-post PE, the lottery 1 is not ex-ante PE, since it is Pareto-dominated by lottery 2.
There are many examples of countries that have converged with developed countries which validate the catch-up theory. [5] Based on case studies on Japan, Mexico and other countries, Nakaoka studied social capabilities for industrialization and clarified the features of human and social attitudes in the catching-up process of Japan in the Meiji period (1868-1912).
The goal of his theory was to address the question of determining the "size of the most desirable cost and consumption sharing arrangement". [9] The model was based on the assumptions that individuals have similar preferences for both private and public goods, the size of the club good and equal sharing of costs.