A. socialist economy B. capitalist economy C. mixed economy D. political economy E. feudal economy Correct Answer: Option A -…
A. development planning B. strategic planning C. capital budgeting D. price system Correct Answer: Option D - price system
A. A decrease in supply will lead to fall in price and a fall in the quantity bought and sold…
A. A movement along the demand curve B. deflation of the demand curve C. hyperbola formation by the demand curve…
A. a fixed cost B. an implicit cost C. a variable cost D. a prime cost Correct Answer: Option B…
A. real income B. profit C. economic rent D. real wage Correct Answer: Option C - economic rent
A. land B. labour C. capital D. entrepreneurship Correct Answer: Option B - labour
A. internal economies of scale B. external economies of scale C. economics of localization D. economies of resources allocation Correct…
A. Number of people in the working population B. Number of men and hours they work C. Number of hours…
A. with a high dependency ratio B. with many young people C. in which the number of old persons is…