Tag: social science

Quizzes (684) Questions (1162)

Questions Related to social science

Multiple choice social science prices and cost of living value and price utility, value and price price rise/inflation

When a relationship between DMU of a product and its prices is decided than it helps in determining __________.

  1. total marginal value of a product

  2. average utility of product

  3. price of product in market

  4. total utility value of product
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

When the diminishing marginal utility is set in the market then that is compared with various prices in the market for the commodity which decides the ideal price for the commodity in the market which the consumer is willing to pay if they get required utility from the product. 

Multiple choice social science prices and cost of living value and price utility, value and price price rise/inflation

A capitalist economy uses_____as the principal means of allocating resources.

  1. Demand

  2. Supply

  3. Efficiency

  4. Prices
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

In a capitalist economy, personal gains are given more preference than social welfare. Therefore, allocating of resources takes place on the basis of what value it will yield after production and this done through prices.

Multiple choice social science prices and cost of living value and price utility, value and price price rise/inflation

Prices rate is determined on the basis of demand and supply, such kind of an economy is?

  1. Market driven economy

  2. Closed economy

  3. Seller driven economy

  4. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The demand and supply of a commodity prevails in the market, so if their are changes in the price of the commodity due to change in its demand and supply in the market then it is said that market influences the price rate in the economy.

Multiple choice social science prices and cost of living value and price utility, value and price price rise/inflation

Administered prices means:

  1. Prices fixed by private sector under the guidance of government

  2. Prices fixed by consumer forums

  3. Prices fixed by the Government and private sector

  4. Prices level fixed by the Government
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Administered prices are prices set by a government authority rather than being determined solely by market forces of supply and demand. This is often done to protect consumers or ensure stability in essential goods.

Multiple choice social science traffic education traffic and road safety natural hazards : understanding of disaster, management in practice man-made disasters

If your cell phone is ringing while you are in driving, you should ________.

  1. Answer while driving, and keep a look out for traffic police.

  2. Answer it if the call is from your parents.

  3. Answer it if you have hands-free device

  4. Never mind
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Answering a phone while driving distracts the driver and significantly increases accident risk, regardless of who is calling or whether hands-free is used. The safest practice is to not answer at all while driving - pull over if the call is important. Even hands-free conversations divert cognitive attention from driving.

Multiple choice social science traffic education traffic and road safety natural hazards : understanding of disaster, management in practice man-made disasters

Driving faster than traffic and passing the other cars will ______.

  1. Increase fuel efficiency

  2. Helps prevent traffic congestion

  3. Increases your chance of an accident

  4. Is ok if you are a parent and late picking up your child
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Driving faster than the flow of traffic and frequently changing lanes to pass cars increases the likelihood of losing control or failing to react to sudden hazards, thereby increasing accident risk.

Multiple choice social science traffic education traffic and road safety natural hazards : understanding of disaster, management in practice man-made disasters

 When you are approaching to a traffic junction, you should ________.

  1. Speed up and drive through the junction.

  2. Slow down and prepare to stop if the traffic light turns amber.

  3. Maintain your speed.

  4. Honk your horn and flash your lights and go fast through the junction.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Approaching a traffic junction requires caution. Slowing down allows the driver to assess the signal and stop safely if the light changes to amber or red, preventing collisions.