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Question 2
A
no indication of technological development 
B
no recognition of preferred goods for countries 
C
technical inefficiency 
D
abundant resources 
Explanation.
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Correct Option:
B

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Question 3
A
not useful for large data 
B
not suitable for further statistical analysis 
C
cumbersome to determine the actual value 
D
affected by extreme data 
Explanation.
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Correct Option:
D


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Question 5
A
benefits derived from consuming a cheap commodity 
B
excess of total expenditure over total uility 
C
difference between marginal utility and marginal cost 
D
excess of marginal utility over price 
Explanation.
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Correct Option:
D






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