Economics

Q121

Unemployment means that ?

Q122

A student chooses to study because the marginal benefit is greater than the ______________ cost?

Q123

Opportunity cost is_________________?

Q124

Periods of less than full employment corresponds to _________________ ?

Q125

In a free market system, the amount of goods and services that any one household gets depends upon its ?

Q126

Which one of the following is a normative statement ?

Q127

Trade-offs are required because wants are unlimited, and resources are ?

Q128

A rational person does not act unless ?

Q129

Suppose you find Rs 20. If you choose to use the Rs 20 to go to a football match your opportunity cost of going to the game is ?

Q130

Since people respond to incentives, we would expect that if the average salary of accountants increases by 50% while teachers increase by 20% then ?

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