A. under-employed B. unemployed C. fully employed D. technically unemployed Correct Answer: Option A A. under-employed Explanation Under-employed is the…
A. granting long-term loans B. assisting with technical expertise C. reducing tariff among members D. developing human resource Correct Answer:…
A. custom union B. free trade area C. common market D. economic community Correct Answer: Option D D. economic community…
A. prices of goods become stable B. countries become self-sufficient C. goods consumed are produced at a very high cost…
A. absolute cost B. comparative cost C. fixed cost D. variable cost Correct Answer: Option B B. comparative cost Explanation…
A. more private schools are established B. subsidy is provided on petroleum products C. more public goods are provided D.…
A. borrowing is discouraged B. customers increase their borrowing C. banks can increase their lending D. money supply increases Correct…
A. labour market B. money market C. commodity market D. capital market Correct Answer: Option D D. capital market Explanation…
A. opportunity cost B. scale of preference C. complementary demand D. double of coincidence of wants Correct Answer: Option D…
A. a speculative motive B. a transaction motive C. a precautionary motive D. an expansionary motive Correct Answer: Option C…