Question : If market price is less then factor cost, it means that:
Option 1: Indirect taxes > Subsidies.
Option 2: Indirect taxes = Subsidies.
Option 3: Indirect taxes < Subsidies.
Option 4: None of the above.
Correct Answer: Indirect taxes < Subsidies.
Solution :
Question : The difference between indirect taxes and subsidies is _________________.
Question : Factor cost + ________________________ = Market price.
Question : _______________ are the economic assistance given by the government to the firms.
Question : What is the basic difference in the aggregates at market price and factor cost?
Question : Directions: If + means –, ÷ means +, < means × and > means ÷, then 8 ÷ 6 < 2 > (10 > 5) + 4 is equal to?
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