(A) Improves equity at the expense of efficiency
(B) Improves efficiency at the expense of equity
(C) Reduces market power
(D) None of the above
Economics is the study of?
(A) How to reduce our wants until we are satisfied
(B) How to fully satisfy our unlimited wants
(C) How society manages its unlimited resource
(D) None of the above
In a planned or command economy all the economics decisions are taken by the?
(A) Government
(B) Workers
(C) Voters
(D) Consumers
Circular flow of goods and incomes shows the relationship between?
(A) Income and money
(B) Wages and salary
(C) Goods and services
(D) None of the above
Bank rates refers to the interest rate at which?
(A) Central banks gives loans to commercial banks
(B) Commercial banks receives deposits from the public
(C) Commercial banks grants loans to their customers
(D) None of the above
MSE stands for __.
(A) Mean Standard Error
(B) Mean Square Error
(C) Mean Square Entry
(D) None of the above
If the antecedent is only partially true, then the output fuzzy set is truncated according to the __ method.
(A) Implication
(B) Intrinsic
(C) Both A & B
(D) None of the above
The tractable problems are further divided into structured and __ problems.
(A) Complex
(B) Non-structured
(C) Simple
(D) None of the above