Tamil Nadu Economy — Economics STD 11 — Question

NITI Aayog was formed in _______

Supply curve in the very short period is ________

Differentiated products are seen in _______

The poverty line is calculated on the basis of

Assertion (A) : If AR remains constant MR is also constant.
Reason (R) : MR is the addition made to the TR by the sale of an additional unit of a commodity

Lionell Robbins book, “An essay on the nature and significance of economic science” was published in

_______ is a person who combines the factors of production in the production process to earn a profit.

_________ is the major determinant of demand.

Assertion (A): Savings and demand are inversely related.
Reason (R): Increased savings leads to a decrease in consumption