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Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion (A): Full employment is the situation where all those workers who are able to work and willing to work get employment at the prevailing wage rate.
Reason (R): The situation of full employment is achieved only when the economy is in equilibrium.
- a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).
- b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
- c)Assertion (A) is true, but Reason (R) is false.
- d)Assertion (A) is false, but Reason (R) is true.
Correct answer is option 'C'. Can you explain this answer?
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Directions : In the following questions, a statement of Assertion (A...
Assertion and Reasoning
• The question presents an Assertion (A) followed by a Reason (R).
• The Assertion (A) states a fact or concept which needs to be evaluated based on the Reason (R).
• The Reason (R) provides an explanation or justification for the Assertion (A).
• The correct answer choice should identify whether both the Assertion (A) and Reason (R) are true or false, and whether the Reason (R) is the correct explanation for the Assertion (A).
Explanation
• Assertion (A) states that full employment is the situation where all those workers who are able to work and willing to work get employment at the prevailing wage rate.
• This statement is true as full employment refers to a state of the economy where there is no involuntary unemployment, i.e. all those who are willing and able to work are employed.
• Reason (R) states that the situation of full employment is achieved only when the economy is in equilibrium.
• This statement is false as full employment is not dependent on equilibrium but is a state where there is no involuntary unemployment.
• Therefore, Assertion (A) is true, but Reason (R) is false.
• Hence, option (C) is the correct answer choice.
Key Points
• Assertion and Reasoning questions evaluate the understanding of concepts and their inter-relationship.
• The Assertion (A) presents a fact or concept that needs to be evaluated based on the Reason (R).
• The Reason (R) provides an explanation or justification for the Assertion (A).
• The correct answer choice should identify whether both the Assertion (A) and Reason (R) are true or false, and whether the Reason (R) is the correct explanation for the Assertion (A).
• The question presents an Assertion (A) followed by a Reason (R).
• The Assertion (A) states a fact or concept which needs to be evaluated based on the Reason (R).
• The Reason (R) provides an explanation or justification for the Assertion (A).
• The correct answer choice should identify whether both the Assertion (A) and Reason (R) are true or false, and whether the Reason (R) is the correct explanation for the Assertion (A).
Explanation
• Assertion (A) states that full employment is the situation where all those workers who are able to work and willing to work get employment at the prevailing wage rate.
• This statement is true as full employment refers to a state of the economy where there is no involuntary unemployment, i.e. all those who are willing and able to work are employed.
• Reason (R) states that the situation of full employment is achieved only when the economy is in equilibrium.
• This statement is false as full employment is not dependent on equilibrium but is a state where there is no involuntary unemployment.
• Therefore, Assertion (A) is true, but Reason (R) is false.
• Hence, option (C) is the correct answer choice.
Key Points
• Assertion and Reasoning questions evaluate the understanding of concepts and their inter-relationship.
• The Assertion (A) presents a fact or concept that needs to be evaluated based on the Reason (R).
• The Reason (R) provides an explanation or justification for the Assertion (A).
• The correct answer choice should identify whether both the Assertion (A) and Reason (R) are true or false, and whether the Reason (R) is the correct explanation for the Assertion (A).
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Community Answer
Directions : In the following questions, a statement of Assertion (A...
Full employment equilibrium refers to a situation when equilibrium is attained i.e., aggregate demand is equal to aggregate supply at full employment level.
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Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Full employment is the situation where all those workers who are able to work and willing to work get employment at the prevailing wage rate.Reason (R): The situation of full employment is achieved only when the economy is in equilibrium.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'C'. Can you explain this answer?
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Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Full employment is the situation where all those workers who are able to work and willing to work get employment at the prevailing wage rate.Reason (R): The situation of full employment is achieved only when the economy is in equilibrium.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'C'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Full employment is the situation where all those workers who are able to work and willing to work get employment at the prevailing wage rate.Reason (R): The situation of full employment is achieved only when the economy is in equilibrium.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Full employment is the situation where all those workers who are able to work and willing to work get employment at the prevailing wage rate.Reason (R): The situation of full employment is achieved only when the economy is in equilibrium.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'C'. Can you explain this answer?.
Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Full employment is the situation where all those workers who are able to work and willing to work get employment at the prevailing wage rate.Reason (R): The situation of full employment is achieved only when the economy is in equilibrium.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'C'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Full employment is the situation where all those workers who are able to work and willing to work get employment at the prevailing wage rate.Reason (R): The situation of full employment is achieved only when the economy is in equilibrium.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Full employment is the situation where all those workers who are able to work and willing to work get employment at the prevailing wage rate.Reason (R): The situation of full employment is achieved only when the economy is in equilibrium.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'C'. Can you explain this answer?.
Solutions for Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Full employment is the situation where all those workers who are able to work and willing to work get employment at the prevailing wage rate.Reason (R): The situation of full employment is achieved only when the economy is in equilibrium.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
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Here you can find the meaning of Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Full employment is the situation where all those workers who are able to work and willing to work get employment at the prevailing wage rate.Reason (R): The situation of full employment is achieved only when the economy is in equilibrium.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Full employment is the situation where all those workers who are able to work and willing to work get employment at the prevailing wage rate.Reason (R): The situation of full employment is achieved only when the economy is in equilibrium.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Full employment is the situation where all those workers who are able to work and willing to work get employment at the prevailing wage rate.Reason (R): The situation of full employment is achieved only when the economy is in equilibrium.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Full employment is the situation where all those workers who are able to work and willing to work get employment at the prevailing wage rate.Reason (R): The situation of full employment is achieved only when the economy is in equilibrium.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Full employment is the situation where all those workers who are able to work and willing to work get employment at the prevailing wage rate.Reason (R): The situation of full employment is achieved only when the economy is in equilibrium.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false.d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice Commerce tests.
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