economics

When a pen and a book is demanded together, the demand is said to be?

A. composite B. competitive C. joint D. derived Correct Answer: Option C - joint

5 years ago

Which of the following is an indirect tax?

A. income tax B. company tax C. profit tax D. sales tax Correct Answer: Option D - sales tax

5 years ago

The quantity demanded of a commodity is influenced only by changes?

A. tastes B. weather C. price of the commodity D. Price of other commodities Correct Answer: Option C - price…

5 years ago

Which of the following combination of qualities ensures a good tax system?

A. Deflationary equity, certainty, and convenience B. Economy convenience, certainty, and equity C. Economy, deflationary, inflationary and certainty D. Economy,…

5 years ago

Balance of trade is defined as the relationship between?

A. invisible imports and exports B. visible and invisible exports C. imports and exports of services D. visible exports and…

5 years ago

In ordinary partnership, the risks are?

A. borne by the workers B. borne by the creditors C. shared among the partners D. undertaken by the active…

5 years ago

Provision of services is classified under?

A. primary production B. secondary production C. tertiary production D. production possibilities Correct Answer: C - tertiary production

5 years ago

Commodity market can best be described as a market in which?

A. goods are sold B. labour is sold and bought C. short-term loans are obtained D. quoted stocks are bought…

5 years ago

Price discrimination can only occur when there is?

A. perfect competition B. imperfect competition C. a merge D. partnership Correct Answer: Option B - imperfect competition

5 years ago

The population which yields the highest level of income per head is known as?

A. over-population B. under-population C. extreme population D. optimum population Correct Answer: Option D - optimum population

5 years ago