[———54.

56.

57.

58.

59.

60.

Due lo scarcity of resources :

(ಗಿ) FEvery society must undertake central planning

(B) 11 Court must decide how to allocate available resources
(9) Some members of each Society must live in poverty

(D) Every society must choose among competing uses of available resources

Micro economics deals with which of the following २

(A) Total output of the economy

(B) The measurement of a nation’s inflation rate

(€) How producers and Consumers interact in individual market
(D) How 18% policies influence economic growth

The opportunity cost of a particular activily :

(५) Is the same for every one pursuing the activity

(B) May include both monetary costs and forgone income
(€) Always decreases as more of that activity is pursued
(D) Usually is known with the production process

Which of the following are used in calculating opportunity cosls 2
(ക) Monetary costs (18) The cost of time (C) Preference (2)

The level of activity at which total revenue equal to total cost is :
(ക) Variable point (B) Fixed point
(©) Semi variable point (D) Breakeven point

The movement along the demand curve to the left may be caused by :
(8) a decrease in supply

(B) arise in the price of inputs

(€) afall in the number of substitute goods

(D) ೩316 17 1700070

Strategic planning as a broad concept consists of :

(ക) Corporate strategy and Business strategy

(8) Strategy formulation and Strategy implementation
)© Inputs and Outputs

(D) Environmental analysis and Internal analysis

All the above

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