1. Lehmann’s rule is associated with :





Write Comment

Type in
(Press Ctrl+g to toggle between English and the chosen language)

Comments

Tags
Show Similar Question And Answers
QA->Next Below rule is a rule is a rule intended to protect the interest of a Government servant:....
QA->In the year 1919, the British Government passed a new rule under which the Government had the authority and power to arrest people and keep them in prisons without any trial if they are suspected with the charge of terrorism. Which is that rule?....
QA->In which act, the rule of East India Company ended in India?....
QA->To do away with a rule....
QA->Capital of Arab Empire during the Abbsasid rule....
MCQ->Lehmann’s rule is associated with :....
MCQ->One of the Lehmann's rules of plane tabling, is....
MCQ-> Read the passage carefully and answer the questions that follow:In the Fifth grade, Benjamin Carson thought he was one of the dumbest kids in his class. His classmates thought he was one of the dumbest, his teacher thought he was one of the dumbest, and he thought he was one of the dumbest. Therefore, when he brought home a report that reflected poor progress, Benjamin was very philosophical about it. He told his mother, “Yah, you know it doesn’t matter very much”.His mother had a different opinion. Having only a third grade education, Mrs. Carson knew that her children’s only chance to escape poverty was through a good education. Her two boys were not reaching their potential at school, and she knew that if they were going to get a good education, it would have to start at home. She began with three rules. Rule number one, the boys would only be allowed to watch two pre-selected TV shows per week. Rule number two, the two boys would have to finish all their homework before they could watch TV or even play outside. Rule number three, the boys would have to read two books from the library each week and write a book report on each of them.Benjamin was dismayed at these new rules and tried very hard to talk his mother out of them. She stood firm, and not thinking to disobey his mother, he followed her rules. Before long he saw the fruits of his labor, when he was the only one who knew an answer to a question the teacher asked the class. Then there was a second question only he knew the answer to. His teacher and rest of his classmates were surprised that he knew the correct answer to such hard questions. He was even a little surprised himself, but he knew his knowledge came from the books he was reading. He began to surmise that if he could learn just a few facts from books at the library, he could learn anything.Benjamin continued on his road of growth and became an academic leader in his school. He had learned to love reading and realized that he could channel that love into learning. He did not let the labels and jeers of others, forever box him into an unproductive and unfulfilling future. Mrs. Carson did not settle for less then her boys were capable of being, she demanded that they take their education seriously and gave them a structured way they could do it. Today Benjamin Carson, the boy who thought he was the dumbest boy in his 5th grade class, is a world famous surgeon at the prestigious Johns Hopkins Hospital in Maryland.What was Benjamin’s first reaction to his mother’s rules?
 ....
MCQ-> I suggest that the essential character of the Trade Cycle and, especially, the regularity of time-sequence and of duration which justifies us in calling it a cycle, is mainly due to the way in which the marginal efficiency of capital fluctuates. The Trade Cycle is best regarded, I think, as being occasioned by a cyclical change in the marginal efficiency of capital, though complicated and often aggravated by associated changes in the other significant short period variables of the economic system.By a cyclical movement we mean that as the system progresses in, e.g. the upward direction, the forces propelling it upwards at first gather force and have a cumulative effect on one another but gradually lose their strength until at a certain point they tend to be replaced by forces operating in the opposite direction; which in turn gather force for a time and accentuate one another, until they too, having reached their maximum development, wane and give place to their opposite. We do not, however, merely mean by a cyclical movement that upward and downward tendencies, once started, do not persist for ever in the same direction but are ultimately reversed. We mean also that there is some recognizable degree of regularity in the time-sequence and duration of the upward and downward movements. There is, however, another characteristic of what we call the Trade Cycle which our explanation must cover if it is to be adequate; namely, the phenomenon of the ‘crisis’ the fact that the substitution of a downward for an upward tendency often takes place suddenly and violently, whereas there is, as a rule, no such sharp turning-point when an upward is substituted for a downward tendency. Any fluctuation in investment not offset by a corresponding change in the propensity to consume will, of course, result in a fluctuation in employment. Since, therefore, the volume of investment is subject to highly complex influences, it is highly improbable that all fluctuations either in investment itself or in the marginal efficiency of capital will be of a cyclical character.We have seen above that the marginal efficiency of capital depends, not only on the existing abundance or scarcity of capital-goods and the current cost of production of capital- goods, but also on current expectations as to the future yield of capital-goods. In the case of durable assets it is, therefore, natural and reasonable that expectations of the future should play a dominant part in determining the scale on which new investment is deemed advisable. But, as we have seen, the basis for such expectations is very precarious. Being based on shifting and unreliable evidence, they are subject to sudden and violent changes. Now, we have been accustomed in explaining the ‘crisis’ to lay stress on the rising tendency of the rate of interest under the influence of the increased demand for money both for trade and speculative purposes. At times this factor may certainly play an aggravating and, occasionally perhaps, an initiating part. But I suggest that a more typical, and often the predominant, explanation of the crisis is, not primarily a rise in the rate of interest, but a sudden collapse in the marginal efficiency of capital. The later stages of the boom are characterized by optimistic expectations as to the future yield of capital goods sufficiently strong to offset their growing abundance and their rising costs of production and, probably, a rise in the rate of interest also. It is of the nature of organized investment markets, under the influence of purchasers largely ignorant of what they are buying and of speculators who are more concerned with forecasting the next shift of market sentiment than with a reasonable estimate of the future yield of capital-assets, that, when disillusion falls upon an over-optimistic and over- bought market, it should fall with sudden and even catastrophic force. Moreover, the dismay and uncertainty as to the future which accompanies a collapse in the marginal efficiency of capital naturally precipitates a sharp increase in liquidity-preference and hence a rise in the rate of interest. Thus the fact that a collapse in the marginal efficiency of capital tends to be associated with a rise in the rate of interest may seriously aggravate the decline in investment. But the essence of the situation is to be found, nevertheless, in the collapse in the marginal efficiency of capital, particularly in the case of those types of capital which have been contributing most to the previous phase of heavy new investment. Liquidity preference, except those manifestations of it which are associated with increasing trade and speculation, does not increase until after the collapse in the marginal efficiency of capital. It is this, indeed, which renders the slump so intractable. Which of the following does not describe the features of cyclical movement?
 ....
MCQ->The accurate rule for computation of volume is---------rule.....
Terms And Service:We do not guarantee the accuracy of available data ..We Provide Information On Public Data.. Please consult an expert before using this data for commercial or personal use
DMCA.com Protection Status Powered By:Omega Web Solutions
© 2002-2017 Omega Education PVT LTD...Privacy | Terms And Conditions