Questions

Q:

Production costs to an economist

A) reflect opportunity costs B) consist only of explicit costs
C) always reflect monetary outlays D) never reflect monetary outlays
 
Answer & Explanation Answer: A) reflect opportunity costs

Explanation:

Production costs to an economist reflect opportunity costs.

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Q:

An important function of fat in the body is to

A) Protect vital organs B) Stores energy
C) Insulate us D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:
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Q:

Which of these established the rights of citizens?

A) Magna Carta B) The Bill of Rights
C) The Habeas Corpus Act D) None of the above
 
Answer & Explanation Answer: B) The Bill of Rights

Explanation:

The Bill of Rights established the rights of citizens. It is also called as Declaration of rights or Charter of rights. It is a list of most important rights to the citizens of a country.

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Q:

Improve the bracketed part of the sentence.
The exhausted travellers seemed relieved when the train finally (came into) the station.

A) pulled in B) pulled into
C) pulled onto D) no improvement
 
Answer & Explanation Answer: A) pulled in

Explanation:
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Q:

Which of the following tools is used to create subscription sets and add subscription?set members to subscription sets?

A) Journal B) License Center
C) Replication Center D) Development Center
 
Answer & Explanation Answer: C) Replication Center

Explanation:
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Q:

Which state government to install 221-Metre Bronze Statue Of lordRam In Ayodhya?

A) Uttar Pradesh B) Gujarat
C) Uttarakhand D) Himachal Pradesh
 
Answer & Explanation Answer: A) Uttar Pradesh

Explanation:

Uttar Pradesh state government to install 221-Metre Bronze Statue Of lordRam In Ayodhya.

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Q:

Which of the following is an example of market failure?

A) Prices do not reflect the full social cost of production B) A firm goes out of business because it cannot find a market for its products
C) Prices rise so that the consumers cannot afford the products they want to buy D) Producer surplus is maximized
 
Answer & Explanation Answer: A) Prices do not reflect the full social cost of production

Explanation:

Prices do not reflect the full social cost of production is an example of Market failure.

 

A market failure occurs when the supply of a good or service is insufficient to meet demand. This results in an inefficient distribution of resources among market participants.

It also occurs if externalities are not accounted for.

If a firm fails to maximize its profits this is not a general market failure.

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Q:

Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.

We set out for the gallows. Two warders marched on either side of the prisoner, with their rifles at the slope; two others marched close against him, gripping him by his arm and shoulder, as though, at once pushing and supporting him. The rest of us, magistrates and the like, followed behind. Suddenly, when we had gone ten yards, the procession stopped short without any order or warning. A dreadful thing had happened ­ a dog, come goodness knows whence, had appeared in the yard. It came bounding among us with a loud volley of barks, and leapt round us wagging its whole body, wild with glee at finding so many human beings together. It was a large woolly dog, half Airedale, half Pariah. For a moment, it pranced round us, and then, before anyone could stop it, it had made a dash for the prisoner, and jumping up tried to lick his face. Everyone stood aghast, too taken aback even to grab at the dog.

What was the emotion displayed by the dog?

A) Fear B) Joy
C) Anger D) Alarm
 
Answer & Explanation Answer: B) Joy

Explanation:
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