During the Tang period, which one of the following would not be an economically sound decision for a small purchase in the local market that is worth one-eighth of a bolt of cloth?
Explanation:
This is a slightly tricky question, but we have to pick the choice that is not economically a sound decision. So the right choice must imply some sort of a loss. Option 1 says that payment was done with a faded bolt of the same value.... since the faded bolt will further deteriorate, using it to pay makes sense. 1 goes out. Making payment in grains would be the most economical way as grains would rot easily, so the payer will gain while the payee will not. Here we have to answer for the payer. Thus both 2 and 3 are economical. 3 is also an economical way because coins, the passage says, lost value over time, but a piece of fabric from a new bolt is not likely to lose value over time, and so would be economically not a wise decision to make payment.
Hence, option (d) is correct.
» Your doubt will be displayed only after approval.
Help us build a Free and Comprehensive Preparation portal for various competitive exams by providing us your valuable feedback about Apti4All and how it can be improved.