A. wholesalers B. consumers C. retailers D. manufacturers Correct Answer: Option B B. consumers
A. buys in large quantities B. hoards goods C. grants credit to the retailers D. sells varieties of goods Correct…
A. reduced labour force B. rise in price of commodities C. reduced infrastructures D. neglect of agriculture Correct Answer: Option…
A. birth rate less death rate B. death rate less migration C. death rate plus birth rate D. birth rate…
A. expenditure is more than revenue B. competitors charge lower prices C. costs per unit output falls D. quantity of…
A. the size of the market B. the productivity of capital C. cost of production D. the factors of production…
A. variable proportion B. diminishing marginal returns C. internal economies of scales D. decreasing returns to scale Correct Answer: Option…
A. determines the price of the firms products B. increases the level of output of the firm C. leads to…
A. yields utility and commands a price B. is useful and occupies a space C. is in high demand and…
A. private enterprises and the government B. private individuals C. the government only D. the workers and businessmen Correct Answer:…