________was developed to measure changes in the cost of living in order to determinethe wage increases necessary to maintain a constant standard of living.

Question:

________was developed to measure changes in the cost of living in order to determinethe wage increases necessary to maintain a constant standard of living.

A.

price index

B.

sensex

C.

correlation

D.

regression

Answer» a. price index

Note: The above multiple-choice question is for all general and Competitive Exams in India

The cost expressed not in terms of money but in terms of efforts of workersundergone for making the commodity

Question:

The cost expressed not in terms of money but in terms of efforts of workersundergone for making the commodity

A.

opportunity cost

B.

real cost

C.

sacrifice cost

D.

implicit cost

Answer» c. sacrifice cost

Note: The above multiple-choice question is for all general and Competitive Exams in India