- 07/06/2019 at 9:18 am #1367368EduGorillaKeymasterSelect Question Language :
Direction: In the given question, the last part of the passage is given as 5. The rest of the sentence/passage is split into four parts and named A, B, C and D . These four parts are not given in their proper order. Read the sentence and find out which of the four combinations is correct.
A) In economics, hoarding is the practice of obtaining and holding resources in quantities greater than needed for one’s immediate use.
B) Civil unrest or natural disasters may lead people to collect foodstuffs, water, gasoline, generators, and other essentials which they believe, rightly or wrongly, may soon be in short supply.
C) The term “hoarding” may include the practice of obtaining and holding resources to create artificial scarcity, thus reducing the supply, to increase the price, so that they can be sold to customers for profit.
D) Hoarding behaviour is a common response to fear, whether fear of imminent societal collapse or a simple fear of a shortage of some good.
5) There is often an implication that hoarding occurs because individuals do not believe that the market will operate efficiently in current or expected conditions.
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