2) What is Gross Fixed Capital Stock - Net addition of capital stock
3) Law of variable proportion deals with - Short run production
4) Response of total output to changes in all inputs by same proportion - Returns to scale
5) If all the factors of production are increased in same proportion, output also increases in same proportion - Linear homogeneous production function
6) A curve showing all technically efficient factor combinations for producing a specified amount of output - Isoquant
7) UN Millennium Development Goals Report was published in the year- 2015
8) New Global Goals of UN is known as - Sustainable Development Goals (2015-2030)
9) The economic theory that the poorest numbers of society can be more easily helped by effects of increased economic activity rather than by welfare payment from the government - Trickle down effect
10) The rate at which factors can be substituted at the margin without altering the level of output - Marginal Rate of Technical Substitution
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