A. break the monopolies of private companies B. encourage thrift and credit among members C. assist producers to maximize their…
A. the size of the population B. price of the commodity C. income distribution D. taste and fashion Correct Answer:…
A. is vertical B. is horizontal C. slopes downward D. slopes upward Correct Answer: Option B - is horizontal Explanation…
A. Increase in variable inputs B. constant technology C. Land fragmentation D. Technological innovations Correct Answer: Option D - Technological…
A. net factor income B. net indirect taxes C. net national product D. net present value Correct Answer: Option C…
A. opportunity cost of goods consumed B. incomes of consumers in order of size C. utilities enjoyed by consumers D.…
A. monetary policy B. export policy C. fiscal policy D. import policy Correct Answer: Option A - monetary policy Explanation…
A. price ceiling B. price mechanism C. price control D. price floor Correct Answer: Option D - price floor Explanation…
A. marginal revenue curve is above the average revenue curve B. marginal cost curve cuts the marginal revenue curve from…
A. precipitation B. hydration C. hydrolysis D. neutralization Correct Answer: Option D - neutralization Explanation A neutralization reaction is when…