A. current prices B. nominal prices C. last year prices D. base year prices Correct Answer: Option A - current…
A. an opportunity cost B. an economic rent C. transfer earnings D. surplus-value Correct Answer: Option B - an economic…
A. per capital output is maximized B. population is neither increasing nor decreasing C. total national income is maximized D.…
A. costs are minimized B. maximized efficiency is attained C. wages are equal to marginal product of labour D. marginal…
A. the concentration of industries for even regional development B. setting up of industries for even development C. a situation…
A. external economies B. internal economies C. economies of scale D. cost economies Correct Answer: Option A - external economies
A. Mobil B. Texaco C. Agip D. Shell-BP Correct Answer: Option D - Shell-BP
A. facilitate agricultural production B. encourage the production and processing of export commodities C. erect imported raw materials D. erect…
A. they often lack cohesion and continuity B. their liability is unlimited to members C. voting is by proxy D.…
A. land fragmentation makes possible easy access to land ownership B. it discourages specialization of factors of production C. it…