The Indian chamber for commerce and industry had recently organized water India‘s water export in June 2017 in Pane. It was the most exclusive trade show on the Indian water industry.

It had offered business opportunities to the national players from the water industry to learn

and explore the future trend of the Indian water market. A large number of satisfied exhibitors

showed their presence in the exhibition displaying wide array of products and services related

to water treatment plants, reverse osmosis, reuse and recycling, softening, filtration etc. in

context of the above case:

a) Why was the Indian chamber for commerce and industry formed?

b) Explain briefly any four points highlighting the role of chambers of commerce and industry

in the promotion of internal trade.​

Which of the following statements about the relationship between economic costs and accounting costs is true? multiple choice accounting costs are equal to or greater than economic costs. accounting costs must always equal economic costs. accounting costs are always greater than economic costs. accounting costs are always less than or equal to economic costs.

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

The rybczynski theorem describes: (a) how commodity price changes influence real factor rewards (b) how commodity price changes influence relative factor rewards. (c) how changes in factor endowments cause changes in commodity outputs. (d) how trade leads to factor price equalization.