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. Aggregate supply is price elastic
Explanation
The correct answer is Aggregate supply is price elastic.
Correct answer
A. Adam Smith
Explanation
Adam Smith introduced the theory of absolute advantage, stating that a country should specialize in producing goods where it is most efficient.
Correct answer
A. one family has all the income and every one else has nothing.
Explanation
The correct answer is one family has all the income and every one else has nothing..
Correct answer
C. terrorism
Explanation
The correct answer is terrorism.
Correct answer
A. a number of scholars believed human social life could be studied scientifically
Explanation
The correct answer is a number of scholars believed human social life could be studied scientifically.
Correct answer
D. coexistence
Explanation
The correct answer is coexistence.
Correct answer
D. none of the above
Explanation
The correct answer is none of the above.
Correct answer
B. They buy life insurance on their workers
Explanation
The correct answer is They buy life insurance on their workers.
Correct answer
D. The difference the price a consumer pays for an item and the price he/she is willing to pay
Explanation
The correct answer is The difference the price a consumer pays for an item and the price he/she is willing to pay.
Correct answer
B. the trade balance usually gets worse before it improves after a currency depreciation
Explanation
The correct answer is the trade balance usually gets worse before it improves after a currency depreciation.