economics

When the government initiates measures to make an organization in which it has substantial interest more profit-oriented, such a business is described as being?

A. indigenized B. restructured C. privatized D. commercialized Correct Answer: Option D D. commercialized

6 years ago

Which of the following business units can issue shares?

A. Sole trader B. private limited companies C. Central Banks D. Super market Correct Answer: Option B B. private limited…

6 years ago

Which of the following is a luxury item?

A. Petrol B. Textbook C. Pencil D. Gold Correct Answer: Option D D. Gold

6 years ago

The demand for a commodity not directly for immediate consumption but for the production of another commodity is?

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

6 years ago

Consumer buy more of a commodity at a lower price than at a higher price because?

A. productions like to produce more B. in a given situation people like to buy more C. consumers like to…

6 years ago

The cost incurred by using both fixed and variable factors in production is called?

A. marginal cost B. fixed cost C. total cost D. average cost Correct Answer: Option C C. total cost

6 years ago

Performance of one task in a production process is known as?

A. specialization B. standardization C. division of labour D. segmentation Correct Answer: Option A A. specialization

6 years ago

The dispersal of people in a country is called?

A. mobility of people B. geographical distribution C. occupational distribution D. state distribution Correct Answer: Option B B. geographical distribution

6 years ago

Population growth can be controlled by all the following except?

A. legalizing abortion B. incentives on immigration C. family planning D. limiting number of children per family Correct Answer: Option…

6 years ago

In which of the following economic system is the consumer referred to as the king?

A. Capitalist economy B. socialist economy C. communist economy D. Mixed economy Correct Answer: Option A A. Capitalist economy

6 years ago