Fill in the blank with the correct option that fits in grammatically and logically.
High prices keep out the masses and justify the high taxes, in a vicious circle that raises transaction costs and _____in the economy.
a) Inefficiencies
b) Intransigences
c) Insufficiencies
d) Inconstancies
Answers
High prices keep out the masses and justify the high taxes, in a vicious circle that raises transaction costs and inefficiencies in the economy.
Explanation:
Here's what the four words mean:
inefficiencies - state of not achieving maximum productivity
intransigence - refusal to agree about something.
insufficiencies - the condition of being inadequate.
Inconsistencies - state of being incompatible.
Among the given options, inefficiencies will suit the sentence best.
Option A is the answer.
Answer:
D
Explanation:
Among the four options given in question statement, the correct option is D.
High prices keep out the masses and justify the high taxes, in a vicious circle that raises transaction costs and inconstancies in the economy.
Inconstancy mean variation or deviation from a base level. Due to high prices and high taxes, we cannot get a stable trend of economy as economy is not only run by elite people, but local masses also contribute towards it and higher prices will impact the contribution of local masses hence the economy will see a downward trend