The 'National Intellectual Property Rights Policy' was released in India in which year? MCQ with Answer and Explanation

Explanation:
Public goods are non-excludable and non-rivalrous. National defence is a classic example as one person's consumption does not reduce availability for others and people cannot be easily excluded from its benefits.

Explanation:
Efficiency-wage theories argue that higher wages can increase worker effort, reduce shirking, lower turnover or improve the quality of applicants, so that firms may optimally set wages above the market-clearing level.

Explanation:
The IMF provides short-term financial assistance to countries with balance of payments problems.