A. many sellers and buyers are in the market B. there is perfect knowledge of the market situation C. supply…
A. very liquid asset which can be easily converted into money B. currency in circulation and demand deposit C. note…
A. shares B. profit C. wages and salaries D. dividends E. gifts Correct Answer: Option D - dividends
A. an increase in birth rate B. a decrease in death rate C. emigration D. immigration E. Early marriage Correct…
A. counted in units B. use to facilitate an exchange C. used to measure the value of goods and services…
A. decrease B. increase C. remain constant D. fluctuate E. be inelastic Correct Answer: Option B - increase
A. total number of people in the market B. total demand for the commodity C. quantity of the commodity supplied…
A. rate of increase in a country's full employment and real output B. rate of increase in a nation's total…
A. deflation B. stable prices C. recession D. inflation E. harvest Correct Answer: Option D - inflation
A. has attained full employment but not a full production B. has attained full production but not full employment C.…