Question : The amount of other goods and services that must be sacrificed to obtain more of any one good is called the _________cost of the good.
Option 1: opportunity
Option 2: secondary
Option 3: ignorable
Option 4: persuasive
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Correct Answer: opportunity
Solution : The correct answer is opportunity.
The amount of other goods and services that must be sacrificed to obtain more of a good is called the opportunity cost of the good. In microeconomic theory, the price of opportunity is what we get in exchange for intervention. It means the cost of change is the disadvantage or gain that might have been enjoyed if the alternate path was selected.
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Question : Directions: If Red is called Tomato, Tomato is called Sweet, Sweet is called Good, and Good is called Clean, then what is the colour of blood?
Option 1: Good
Option 2: Clean
Option 3: Tomato
Option 4: Red
Question : Under the Goods and Services Tax (GST) regime, what is the highest tax slab as of August 2020?
Option 1: 30%
Option 2: 32%
Option 3: 28%
Option 4: 26%
Question : Select the correct passive voice of the given sentence.
Gain the attention of the audience.
Option 1: Let the attention of the audience be gained.
Option 2: The audience must gain the attention.
Option 3: The gain of the attention must be made by the audience.
Option 4: The audience attention must be gained.
Question : Select the correct active form of the given sentence. Every penny must be accounted for by you.
Option 1: You must be account for every penny.
Option 2: You must account for every penny.
Option 3: You must be accounted for every penny.
Option 4: You must account every penny.
Question : Identify the segment in the sentence which contains the grammatical error. One of my friend called me just as I was leaving the classroom.
Option 1: One of my friend
Option 2: called me
Option 3: just as I was
Option 4: leaving the classroom
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