If an economy moves from producing 10 units of A and 4 units of B to producing 7 As and 5Bs The opportunity cost of the 5th B is ?
A. 7As
B. 10As
C. 3As
D. 1A
A. 7As
B. 10As
C. 3As
D. 1A
A. Fall in production
B. Increase in prices
C. Stagflation
D. None of these
A. foreign corporations
B. foreign workers
C. domestic corporations
D. The domestic government
A. 14 % or 3.4 mha
B. 24 % or 5.4 mha
C. 34 % or 7.4 mha
D. 54 % or 11.4 mha
A. Diversification
B. horizontal integration
C. monopoly
D. vertical integration
A. Converting rupee into gold
B. Lowering of the value of one currency in comparison of some foreign currency
C. Making rupee dearer in comparison to some foreign currency
D. None of these
A. If Susan works for BAe Systems and receives a salary payment, the transaction takes place in the market for good and services.
B. If BAe Systems sells a military aircraft, the transaction takes place in the market for factors for production
C. None of these
D. The factors of production are owned by households