Business Economics and Business and Commercial Knowledge - 10 mtp MTP

4. Rational Decision making requires that: (a) One’s Choice be arrived at logically and without error. (b) One’s Choice be consistent with one’s goal. (c) One’s Choice never vary. (d) The consumer Plan’s to attain the highest possible level of satisfaction. 5. | The Substitution effect will be stronger when: (a) The goods are closer Substitute (b) There is lower cost of Switching to the Substitute good. (c) There is lower inconvenience while switching to the Substitute good. (d) All…

6. What are the Internal causes of Business Cycle _? (a) Fluctuations in effective demand. (b) Macroeconomic Policies (c) Money Supply (d) All the above 469 10. 11. 12. 13. According to Hawtrey trade cycle is a _ (a) Monetary Phenomenon (b) Unplanned Phenomenon (c) Fiscal Phenomenon (d) All the above Which of the following describe a Typical Business Cycle? (a) Economic Expansions are followed by Contraction’s. (b) Inflation is followed by rising Income and Unemployment. (c) Economic Expansion are…