Question : Consumer's surplus is the highest in the case of :

Option 1: Durable goods.

Option 2: Luxuries .

Option 3: Comforts .

Option 4: Neccessities .

Question : The law of demand is based on:

Option 1: Manufacturer's preference

Option 2: Seller's preference

Option 3: Supplier's preference

Option 4: Consumer's preference

Question : Final goods are divided into:

Option 1: raw materials and semi-finished goods

Option 2: single goods and composite goods

Option 3: consumption goods and capital goods

Option 4: war goods and civilian goods

Question : Which one of the following is correctly matched?

Option 1: Secondary consumer - Grass

Option 2: Decomposer - Bacteria

Option 3: Producer - Deer

Option 4: Primary consumer - Leopard

Question : Barter transaction means:

Option 1: goods are exchanged for gold

Option 2: coins are exchanged for goods

Option 3: money acts as a medium of exchange

Option 4: goods are exchanged with goods