The ability to choose between foreign and domestic goods is a part of ___ linkage.

None of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Financial markets

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Factor markets

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Consumption

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D
Consumption

This is a consumption linkage as consumption choices have expanded.

Suggest Corrections

Similar questions

Q. The ability to choose between foreign and domestic goods is a part of linkage.

Q. Choose the correct option.

Statement I: Market activities are performed for self-consumption of goods and services.
Statement II: Non-market activities are performed to earn money.

Q. Are the following a part of a country's 'net domestic product at market price'? Explain.
(i) Net indirect taxes
(ii) Net exports
(iii) Net factor income from abroad
(iv) Consumption of fixed capital.

Q. FPI refers to foreign investments in Indian share and financial markets

Consider the following statements:

1. Sporadic dumping is selling of goods at a low price in the foreign market to get rid of the inventory stocks.

2. Predatory dumping is selling a product at a lower price in foreign markets due to differences in elasticity of demand at home and in the foreign market.

3. Persistent dumping is destroying of competitors even at a loss initially and then, after eliminating of competitors, selling product at a high price.

Which of the above statements are correct?

Join BYJU'S Learning Program

The ability to choose between foreign and domestic goods is a part of ___ linkage.

The correct option is D Consumption This is a consumption linkage as consumption choices have expanded.

The correct option is D
Consumption

This is a consumption linkage as consumption choices have expanded.