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Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Open Economy Macro Economics

Question:

Match the following:

 

a) This widens choice in the sense that consumers and producers can choose between domestic and foreign goods. i) Labour Market                    
b) Firms can choose where to locate production and workers to choose where to work. ii) Financial Market
c) This gives investors the opportunity to choose between domestic and foreign assets. iii) Output Market
Options:

a-iii, b-ii, c-i

a-iii, b-i, c-ii

a-ii, b-i, c-iii

a-i, b-ii, c-iii

Correct Answer:

a-iii, b-i, c-ii

Explanation:

The correct answer is Option 2: a-iii, b-i, c-ii

a) This widens choice in the sense that consumers and producers can choose between domestic and foreign goods. iii) Output Market    
b) Firms can choose where to locate production and workers to choose where to work. i) Labour Market                
c) This gives investors the opportunity to choose between domestic and foreign assets.
ii) Financial Market

Labour market: The labor market, also known as the job market, refers to the supply of and demand for labor, in which employees provide the supply and employers provide the demand. 

Financial Markets: Financial Markets  include any place or system that provides buyers and sellers the means to trade financial instruments.

Output markets: Output markets are the markets in which goods and services are exchanged.

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