Which of the Following Statements Is Correct

question 70

Multiple Choice

Which of the following statements is correct?

• A)The total income in the economy that remains after paying for consumption and government purchases is called private saving.
• B)The sum of private saving and national saving is called public saving.
• C)For a closed economy,the sum of private saving and public saving must equal investment.
• D)For a closed economy,the sum of consumption,national saving,and taxes must equal GDP.

Distinguish between a sale and an agreement to sell.

Explain the transfer of title and risk in goods.

Define merchantable quality under the Sale of Goods Act.

Discuss the rights and obligations of sellers and buyers under various sales conditions, including unpaid seller's lien, conditions and warranties, and sales by sample.

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Definitions:

Kilometres/Hour

A unit of speed measurement indicating the number of kilometers traveled in one hour, commonly used in most countries to measure transportation speed.

Action Potential

A temporary reversal of the electrical potential across the membrane of a neuron, leading to the transmission of an electrical signal along the neuron.

Electrical Signal

An impulse or transmission of information conveyed through the movement of electrical charge.

Axon

An elongated, thin extension of a neuron, also known as a nerve cell, which usually transmits electrical signals from the cell body of the neuron.