Question : Which of the following statement are true?
- MPC of developing countries is more than MPC of developed countries.
- There is an inverse relationship between ROI and volume of investment.
Option 1: Both are true.
Option 2: Both are false.
Option 3: Statement 1 is true, statement 2 is false.
Option 4: Statement 1 is false, statement 2 is true.
Answer (1)
23rd Jan, 2024
Correct Answer:
Both are true.
Solution :
MPC of developing countries is more than MPC of developed countries.
There is an inverse relationship between ROI and volume of investment.
Hence, Option A is correct.
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