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Question
Choose the correct option :
Statements related to wealth
a) Wealth means anything which has market value and can be exchanged for money.
b) It is external to human being.
c) Wealth has no utility.
d) Wealth is scarce and exchangeable
Options
a, b and d
a, c and d
b, c and d
none of the above
Solution
a, b and d
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RELATED QUESTIONS
Choose the correct option :
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a) Final goods and services are included in national income.
b) Produced goods and services in a financial year are included in national income.
c) Double counting is avoided.
d) Value is considered as per market price
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Karuna's mother saves 1000/- every month out of her given salary.
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State with reasons whether you agree or disagree with the following statement:
All wants can be satisfied at a time.
State with reasons whether you agree or disagree with the following statement:
Human wants change as per the seasons and preferences.
State with reasons whether you agree or disagree with the following statement:
Value-in-use and Value-in-exchange are the same
Explain the basic concepts of macro economics.
