A. speculative motive B. price level C. transactionary motive D. precautionary motive E. employment level Correct Answer: Option B -…
A. saves time B. makes work monotonous C. encourages full utilization of capital D. makes workers skilled at their work…
A. fall in both the price and supply B. fall in price but an increase in supply C. rise in…
A. Percentage change in price/percentage change in quantity demanded B. Absolute decline in price/absolute increase in quantity demanded C. Percentage…
A. Are substitutes B. Are complementary to each other C. Are jointly demanded D. Have equal coefficient of elasticity E.…
A. Goods are manufactured in the factories B. are sold to the final consumer C. goods and services are distributed…
A. labour B. butter C. television set D. breads E. motor cars Correct Answer: Option A - labour
A. the economy can scarcely produce anything B. human wants are limitless C. the economy has very few resources D.…
A. adopts the use of laboratory experiments B. involves accurate predictions of human beings C. makes use of controlled experiment…
A. members do not reduce price below the cartel price B. each member has a fixed output above which it…