MCQs
Read every question, see the correct answer, and understand the explanation at your own pace. Study mode has no timer and no negative marking.
Correct answer
B. Profit
Explanation
The correct answer is Profit.
Correct answer
C. 18 million acres
Explanation
The correct answer is 18 million acres.
Correct answer
A. working class
Explanation
The correct answer is working class.
Correct answer
D. floor, output
Explanation
The correct answer is floor, output.
Correct answer
B. tax the good
Explanation
The correct answer is tax the good.
Correct answer
A. If countries specialize in the production of goods in which they are relatively more efficient.
Explanation
Comparative advantage suggests that even if a country does not have an absolute advantage, it should produce goods where it has the lowest opportunity cost.
Correct answer
B. I, II, III and IV
Explanation
The correct answer is I, II, III and IV.
Correct answer
D. Laissez faire also Laisser faire
Explanation
The correct answer is Laissez faire also Laisser faire.
Correct answer
C. would work at the going wage but can’t find jobs
Explanation
The correct answer is would work at the going wage but can’t find jobs.
Correct answer
C. homogamy
Explanation
The correct answer is homogamy.