Question

State true or false:

(i) Primary data involve more time and expense.

(ii)Budget line is upward sloping.

(iii) Central tendency refers to a central value of statistical series.

(iv) Total utility can be negative.

(v) Averages help in the formulation of economic policies.​

Answer 1

Answer:

1 true

2 false

3 false

4 true

5 true