Economics MCQ Questions and Solutions with Explanations | Commerce

A. a-2, b-4, c-1, d-3

B. a-1, b-2, c-3, d-4

C. a-4, b-1, c-3, d-2

D. a-3, b-2, c-1, d-4

A. Complementary goods

B. Substitute goods

C. Not related with each other

D. Related to two different people

A. a-4, b-3, c-2, d-1

B. a-2, b-3, c-4, d-1

C. a-3, b-1, c-4, d-2

D. a-2, b-4, c-1, d-3

A. Constant

B. Variable

C. Either constant or variable

D. None of the above

A. Normal

B. Inferior

C. Necessities

D. Complements

A. all firms sell natural resources

B. a single firm supplies natural resources to an entire industry

C. a single firm can supply the market output more efficiently than many firms

D. None of the above

A. Market Attractiveness and Business Position

B. Business Attractiveness and Market Position

C. Industry Growth rate and Company's Market share

D. Company's Growth rate and Industry's Position

A. gap between the two is small

B. gap between the two is greatest

C. gap does not exist

D. None of the above

A. positive

B. negative

C. both A and B

D. zero

A. Both (A) and (R) are true and (R) is the correct explanation of (A)

B. Both (A) and (R) are true, but (R) is not the correct explanation of (A)

C. (A) is true, but (R) is false

D. (A) is false, but (R) is true