Read the following information carefully and answer the questions given below it. There are five men A,B,C,D and E and six women P, Q, R, S, T and U. A, B and R are advocates, C, D, P, Q and S are doctors and the rest are teachers. Some teams are to be selected from amongst these eleven persons subject to the following conditions.
A, P and U have to be together.
B cannot go with D or R.
E and Q have to be together.
C and T have to be together.
D and P cannot go together.
C cannot go with Q.
If the team is to consist of two male advocates, two lady doctors and one teacher, the members of team are
Convection is the mode of heat transfer which involves bulk motion of a fluid to transfer heat. Energy transfer by convection is primarily restricted to fluids. Fluids can be both liquids and gases.
Which of the following is an example of market failure?
A) Prices do not reflect the full social cost of production
B) A firm goes out of business because it cannot find a market for its products
C) Prices rise so that the consumers cannot afford the products they want to buy
D) Producer surplus is maximized
A) Prices do not reflect the full social cost of production
B) A firm goes out of business because it cannot find a market for its products
C) Prices rise so that the consumers cannot afford the products they want to buy
D) Producer surplus is maximized
Answer & ExplanationAnswer: A) Prices do not reflect the full social cost of production
Explanation:
Prices do not reflect the full social cost of production is an example of Market failure.
A market failure occurs when the supply of a good or service is insufficient to meet demand. This results in an inefficient distribution of resources among market participants.
It also occurs if externalities are not accounted for.
If a firm fails to maximize its profits this is not a general market failure.
Manabendra Nath Roy, known as M.N. Roy was an Indian revolutionary, radical activist and political theorist, as well as a noted philosopher in the 20th century. Roy was a founder of the Mexican Communist Party and the Communist Party of India.
Money market instruments are debt securities that generally give the owner the unconditional right to receive a stated, fixed sum of money on a specified date.
There are several money market instruments in most Western countries, including treasury bills, commercial paper, bankers' acceptances, deposits, certificates of deposit, bills of exchange, repurchase agreements, federal funds, and short-lived mortgage- and asset-backed securities.
Aptitude and Reasoning
General Knowledge
Puzzles
Interviews
Technical
Certifications
Exams
Job
Roles
True or False
Exams