A. socialist economy B. capitalist economy C. subsistence economy D. mixed economy Correct Answer: Option A - socialist economy
A. distribute resources equally among competing ends B. ensure efficient allocation of resources in the economic system C. allocate goods…
It is impossible to satisfy all human wants because? A. areas of fertile land are very limited B. oceans and…
A. the productive capacity is being fully utilized B. the productive capacity is not being fully utilized C. too little…
A. I B. J C. K D. L Correct Answer: Option B - J
A. 14 days B. 30 days C. 60 days D. 90 days 100 days Correct Answer: Option D - 90…
A. a geometrical rise in price B. an unequal rise in prices C. a proportionate rise in prices D. an…
A. quantity of natural resources available B. level of technical know-how C. mobility of labour D. level of productivity E.…
A. false declaration od assets B. paying tax only as and when due C. declaration of assets D. tax payments…
A. savings B. production C. accumulation D. factors of production E. opportunity cost Correct Answer: Option A - savings