Question

73. Mutual consent is __________ for rendering something legal or prohibited. a) Not the criterion b) The criterion c) Compulsory d) None

87. It is the __________ which determines the direction of all sectors of economy. a) Wealth b) Money c) Land d) Consumption pattern

88. The principles of consumption are affected by ____________. a) The amount of money b) Fertility of land c) Ideology of life d) Constitution

89. Excess and deficiency in consumption arise from two causes: stinginess and __________. a) Frugality b) Miserliness c) Cowardice d) Extravagance

90. In the capitalistic system the concept of consumer behavior relies on ____________ principles. a) Two b) Three c) Four d) Five

Answer 1

73) compulsory

mutual consent is compulsory for any contract or agreement

87) Money

money is the only way to determine the direction of sectors as it that the particular sector grow or not

88) Money

principal of consumption is based on money as if we have money then we can consumeas it is the only way to get goods in exchange of money

89) Miserliness

miserliness and stinkiness are two causes of excess or deficiency of consumption

90) Five

Five important principles are They are: economic freedom, voluntary (willing) exchange, private property rights, the profit motive, and competition