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1. I am thinking I will go to the market later this afternoon.





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QA->Who is known as the major proponent of free market; arguing against government intervention in a market economy?....
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MCQ->I am thinking I will go to the market later this afternoon.....
MCQ->Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives. To avoid the various foolish opinions to which mankind are prone, no superhuman brain is required. A few simple rules will keep you free, not from all errors, but from silly errors. If the matter is one that can be settled by observation, make the observation yourself. Aristotle could have avoided the mistake of thinking that women have fewer teeth than men, by the simple device of asking Mrs. Aristotle to keep her mouth open while he counted. Thinking that you know when in fact you do not is a bad mistake, to which we are all prone. I believe myself that hedgehogs eat black beetles, because I have been told that they do but if I were writing a book on the habits of hedgehogs, I should not commit myself until I had seen one enjoying this diet. Aristotle, however, was less cautious. Ancient and medieval writers knew all about unicorns and salamanders not one of them thought it necessary to avoid dogmatic statements about them because he had never seen one of them. The attitude of the author is....
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MCQ->Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives. Most economists in the United States seem captivated by the spell of the free market. Consequently, nothing seems good or normal that does not accord with the requirements of the free market. A price that is determined by the seller or, for that matter (for that matter: so far as that is concerned), established by anyone other than the aggregate of consumers seems pernicious. Accordingly, it requires a major act of will to think of price-fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that it requires. Modern industrial planning requires and rewards great size. Hence, a comparatively small number of large firms will be competing for the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-market economic theories. But each large firm will also act with full consideration of the needs that it has in common with the other large firms competing for the same customers. Selling a commodity at a price that is not more than that charged by competitors is....
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