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Management · Q913

Labour and Social Welfare

Graduate and Post Graduate · Management · question 913

Q913

Which of the following statements are true/false? 1. In institutional market, there is free operation of forces of demand and supply. 2. In management market, there is a close relationship between wage setting and allocation of labour. 3. In neo-classical markets, imperfections and inequality exists in the market. 4. Unstructured markets are not regulated by any authority.

A.
1, 2, 3 and 4 are true
Answer
B.
2, 3 are true and 2, 4 are false
C.
2, 4 are true and 1, 3 are false
D.
3, 4 are true and 2, 1 are false

Answer: Option A

Solution

Answer: Option A
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