GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The condition of the economy affects how much things cost.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Economic cost is the combination of losses of any goods that have a value attached to them by any one individual.
Detailed explanation-2: -Economic conditions refer to the state of macroeconomic variables and trends in a country at a point in time. Such conditions may include GDP growth potential, the unemployment rate, inflation, and fiscal and monetary policy orientations.
There is 1 question to complete.