A. will be composed of goods produced by women B. figures will be grossly over-stated C. statistics will be difficult…
A. death rate is reduced B. moral restraint abolished C. more hospitals are built D. there is natural calamities Correct…
A. structural unemployment B. frictional unemployment C. seasonal unemployment D. residual unemployment Correct Answer: Option C - seasonal unemployment Explanation…
A. are located very close to consumers B. finance both producers and retailers C. pass information on from retailers to…
A. increasing returns to scale B. diminishing average returns C. decreasing marginal returns D. decreasing average fixed cost Correct Answer:…
A. the consumer is in equilibrium B. more of the commodity can be consumed C. total utility is also equal…
A. the lowest cost of producing goods B. the cost of production of the most efficient firm in an industry…
A. there is an increase in taxes on inputs B. government increases subsidies C. rural-urban migration is encouraged D. the…
A. competitive goods B. composite goods C. jointly supplied D. derived goods Correct Answer: Option A - competitive goods Explanation…
A. negatively sloped B. positively sloped C. vertical D. horizontal Correct Answer: Option B - positively sloped Explanation Ostentation goods…