A. the bank rate B. income tax C. the price level D. the budget deficit Correct Answer: Option C -…
A. long term B. short term C. capital project D. public utilities Correct Answer: Option B - short term
A. inelastic B. elastic C. unitary elastic D. public utilities Correct Answer: Option A - inelastic
A. consumers and retailers B. producers and wholesalers C. forces of demand and supply D. interest of government and producers…
A. punish the citizens B. provide social amenities C. donates to poorer countries D. execute white elephant projects Correct Answer:…
A. urban-rural migration B. urban-urban migration C. rural-urban migration D. rural-rural migration Correct Answer: Option C - rural-urban migration
A. price to change in income B. quantity demanded to change in income C. change in expenditure to changes in…
A. shift from left to right and return to its original position B. shift from left to right C. remains…
A. upward sloping from the right to left B. downward sloping from left to right C. parallel to the quantity…
A. subtracting total cost from total revenue B. subtracting average revenue from total cost C. dividing total revenue from total…