The precautionary motive for holding money is to enable the holder to
Buy stocks when interest are high
Overcome unforeseen contigencies
Buy goods and services on daily basis
Buy fixed assets
Correct answer is B
No explanation has been provided for this answer.
In determining cost, economics considers
Implicit cost only
Explicit cost only
Implicit and explicit costs
Explicit cost less implicit
Correct answer is C
No explanation has been provided for this answer.
Productivity per worker, is best measured by
Total output less number of workers
Total output multiplied by number of workers
Number of workers less total output
Total output divided by number of workers
Correct answer is D
No explanation has been provided for this answer.
The graph of the function X = a + bY is
Linear
Quadratic
Cubical
Exponential
Correct answer is A
No explanation has been provided for this answer.
The system whereby goods are exchanged for goods is known as
Stock exchange
Barter system
Banking
Cooperative system
Correct answer is B
No explanation has been provided for this answer.