Opening the paper…
Principles of Economics, End Term
The central government increases spending on defence and reduces spending on rural roads. This best illustrates the principle that:
Choose the correct answer.
The central government increases spending on defence and reduces spending on rural roads. This best illustrates the principle that:\ Choose the correct answer. Sneha can earn Rs. 800 for a day's work. Instead she attends a one-day workshop with a fee of Rs. 1,200. Her opportunity cost of attending is:\ Choose the correct answer. In an hour Kavita bakes 12 biscuits or 4 cakes; Nitin bakes 6 biscuits or 3 cakes. Kavita's opportunity cost of one cake is:\ Choose the correct answer.