Which of the Following Is NOT Among the Five Pillars

question 38

Multiple Choice

Which of the following is NOT among the five pillars of Islamic practice?

• A) seclusion of women
• B) pilgrimage to the Islamic holy places
• C) obligatory almsgiving (2 to 3 percent of one's income)
• D) daily prayer at five times during the day

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Definitions:

Price Elastic

The measure of how much the quantity demanded of a good responds to a change in the price of that good, reflecting its elasticity.

Cournot Duopolist

A type of duopoly model in which two firms choose their output levels simultaneously to maximize profit, assuming the competitor's output level is fixed.

Monopolistically Competitive

Describing a market structure in which many firms sell products or services that are similar but not identical, allowing for differentiation and some degree of market power.

Short Run

A period in economics during which at least one factor of production is considered fixed, typically focusing on the immediate effects of economic decisions.