The 'Mid-Day Meal Scheme' is now known as: MCQ with Answer and Explanation

Explanation:
The snob effect is consumer preference for exclusive goods that set them apart.

Explanation:
Real Business Cycle theory attributes macroeconomic fluctuations mainly to real shocks, particularly technological disturbances, under the assumption of continuous market clearing and rational expectations.

Explanation:
In the short run, costs are classified as fixed, variable and total. Sunk costs are costs that have already been incurred and cannot be recovered, relevant in both short and long run decisions.