The information that rank a consumer preferences is given by
Scale of preference
Indifference map
Demand schedule
Supply schedule
Correct answer is A
An indifference map represents different quantities of two goods between which a consumer is indifferent. this means that, the consumer has no preference for one combination or bundle of goods over a different combination.
While scale of preference refers to the arrangement or ranking of a consumer wants in the order of imortance or urgency.
Supply curve
Liquidity preference
Budget line
Demand curve
Correct answer is C
The Budget Line, also called as Budget Constraint shows all the combinations of two commodities that a consumer can afford at given market prices and within the particular income level.
The financial institution known as a building society is
Commercial bank
Central bank
Mortgage bank
Development bank
Correct answer is C
Mortgage bank is a financial institution which grant loans for building purpose.
Which of the following is not a type of unemployment
Factory unemployment
Structural unemployment
Mass unemployment
Frictional unemployment
Correct answer is A
There are three main types of unemployment: structural, frictional, and cyclical. The first two make up the natural unemployment rate.
Direct
Progressive
Regressive
Proportional
Correct answer is D
A Proportional tax applies the same tax rate to all individuals regardless of income.