A. A single seller sells a product which has no close substitute B. Few sellers sell a product s at…
A. Disguised B. Imposed C. Cyclical D. Voluntary E. Functional Correct Answer: Option C - Voluntary
A. An avenue for expressing national prestige B. Services at a cheaper cost C. Socially necessary facilities D. Services which…
A. Two to twenty persons B. A minimum of seven shareholders C. A minimum of fifty and maximum of one…
A. Variable cost B. Average costs C. Marginal costs D. Total cost E. Fixed costs Correct Answer: Option E -…
A. Average product of the fixed factor B. Total product of the variable factor C. Total product of the fixed…
A. Salary negotiation B. Arbitration C. Collective bargaining D. Conciliation E. Reconciliation Correct Answer: Option C - Collective bargaining
A. Labour and capital respectively B. Land only C. Capital only D. Labour and land respectively E. Land and capital…
A. More than doubled B. Less than doubled C. Doubled D. Unchanged E. Trebled Correct Answer: Option B - Less…
A. Death rate plus net immigration B. Rate of migration divided by birth rate C. Birth rate minus death rate…