Question

1. Choose correct option for the following from the options provided :
Which value expresses the importance of a good in human life?
(A) Exchange-value (B) Use-value
(C) Consumption value (D) Internal-value
(2) What is the monetary payment in exchange of a good called ?
(A) Value
(B) Exchange
(C) Price
(D) Wealth
(3) Which of the following is a physical good ?
(A) Music
(B) Education
(C) Doctor's advice (D) Refrigerator
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Answer 1

Answer:

1.a.exchange value

2.c.price

3.d.refrigator