economics

Which of the following is an advantage of localization of industry?

A. development of subsidiary firms B. creation of parallel markets C. developments of slums D. attraction of foreign capitals Correct…

6 years ago

Division of labour leads to?

A. improved craftsmanship B. the production of standardized goods C. increase in the cost of goods D. trade by barter…

6 years ago

A major limiting factor of mass production is?

A. efficient management B. adequate labour supply C. small size of the market D. adequate supply of raw materials Correct…

6 years ago

One major function of the entrepreneur is?

A. bearing of risks B. maximizing profits C. taking charge of day to day management D. determining the selling price…

6 years ago

Which of the following factors of production consists of man-made goods?

A. land B. labour C. capital D. entreprennuer Correct Answer: Option C C. capital

6 years ago

The reward for labour is?

A. wage B. profit C. rent D. dividend Correct Answer: Option A A. wage

6 years ago

Which of the following is not an advantage of the tabular presentation of data?

A. enables easy location of required figures B. makes for easy comparison of figures C. occupy more space than mathematical…

6 years ago

The major agents of economics system are?

A. consumer, workers and producers B. markets, telecommunication and banks C. schools, hospitals and universities D. individuals , firms and…

6 years ago

Economic as a field of study is a?

A. pure science B. political science C. social science D. physical science Correct Answer: Option C C. social science

6 years ago

A major achievement of the Organization of Petroleum Exporting Countries (OPEC) is that?

A. crude oil price has increased tremendously B. petroleum product price has remained low C. producing countries are highly industrialized…

6 years ago