Bank PO Questions

If the price of a product rises, the demand for the substitute product increases.

Capitalism is an economic system in which private entities or businesses own capital goods.

Political culture refers to widely shared values and beliefs about who should govern, for what ends, and by what means.

All the above given options are the examples of social interaction. In sociology, interactions are of five types.They are :

1) Exchange

2) Competition

3) Cooperation

4) Coercion

5) Conflict

A Bath towel or a tea bag are suitable answers.

The long-run aggregate supply curve is vertical because it is at the full-employment or potential output. Because the economy's potential output is determined by the availability and productivity of real resources, not by the price level. That means that even if demand increases, firms can't hire new workers and expand because everyone is already working.