A. more efficient management of resources B. a better combination of factors of production C. reduced resources costs due to…
A. finance B. labour C. power supply D. raw materials Correct Answer: Option D - raw materials
A. for the government to go into large scale farming B. to employ relevant foreign technology and reform the land…
A. preference shares B. non-voting ordinary shares C. ordinary shares D. debentures Correct Answer: Option A - preference shares
A. sole proprietorship B. partnership C. joint-stock company D. co-operative society Correct Answer: Option C - joint-stock company
A. wholesalers to retailers than to consumers B. direct sales to consumers C. wholesalers to consumers D. retailers to consumers…
A. monopoly B. perfect competition C. monopolistic competition D. oligopoly Correct Answer: Option C - monopolistic competition
A. 10 percent B. 20 percent C. 30 percent D. 40 percent Correct Answer: Option D - 40 percent
A. the equilibrium price and quantity will increase B. only the price will increase C. only the quantity will increase…
A. 20 and 80 B. 30 and 120 C. 40 and 60 D. 60 and 240 Correct Answer: Option A…