A. commercial bank B. central bank C. mortgage bank D. development bank Correct Answer: Option C - mortgage bank Explanation…
A. factory unemployment B. structural unemployment C. mass unemployment D. frictional unemployment Correct Answer: Option A - factory unemployment Explanation…
A. median B. mean C. mode D. range Correct Answer: Option C - mode Explanation mode is the frequently occurring…
A. Rank B. Measurable C. Rise D. Fall Correct Answer: Option A - Rank Explanation The ordinalist approach explains that…
A. A rise in cost of living gives a corresponding rise in standard of living B. A lower cost of…
A. negative B. positive C. zero D. fixed Correct Answer: Option B - positive Explanation A positive income elasticity of…
A. Utility B. Cost C. Demand D. Production function Correct Answer: Option D - Production function Explanation Production function shows…
A. gift and donations B. rents and rates C. profit and dividends D. internal and external debts Correct Answer: Option…
A. Partnership B. Public limited liability company C. Sole proprietorship D. Central bank Correct Answer: Option B - Public limited…
A. price maker B. price taker C. price system D. price competition Correct Answer: Option A - price maker Explanation…