A. be constant B. be at equilibrium C. increase D. fall Correct Answer: Option C - increase Explanation Recall that…
A. salaries and wages B. pension C. scholarship D. social welfare Correct Answer: Option D - social welfare Explanation Social…
A. a rise in income levels B. stagflation C. inflation D. deflation Correct Answer: Option C - inflation Explanation Increasing…
A. the capital base of banks B. employment opportunities in banks C. the number of shareholders D. the number of…
A. few sellers B. few buyers C. many sellers D. a single seller Correct Answer: Option A - few sellers…
A. in the long-run period B. to large-scale enterprises C. to small-scale enterprises D. in the short-run period Correct Answer:…
A. there are difficulties in coordinating production B. there is shortage in labour supply C. the size of market is…
A. be supplied at a higher price B. double at a higher price C. increase by more than the percentage…
A. marginal utility B. ordinal utility C. cardinal utility D. total utility Correct Answer: Option B - ordinal utility Explanation…
A. reduce supply B. increase supply C. reduce demand and create surplus D. increase demand and create scarcity Correct Answer:…