Multiple choice

Directions: In the following question, a statement is followed by two assumptions. Which of the given assumptions is/are implicit in the statement?

Statement: Consumption per se is growing. Assumptions: I. Inflationary trends will be observed in consumer goods in the long run. II. Strong economy is creating a wider affluence.

  1. Only assumption l is implicit.

  2. Only assumption ll is implicit.

  3. Either l or ll is implicit.

  4. Neither l nor ll is implicit.

  5. Both l and ll are implicit.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Assumption II is strong because it talks of affluence, which usually leads to increased consumption.

Keep practicing — related questions