economics

Standardization of products or services is a feature of?

A. large firms B. retailer C. small firms D. wholesaler Correct Answer: Option A A. large firms

6 years ago

One of the factors affecting geographical distribution of population is?

A. high birth rate B. high death rate C. encouragement of early marriage in the rural area D. climate conditions…

6 years ago

Middlemen in an economy perform the function of?

A. distribution B. exchange C. Hoarding D. protector Correct Answer: Option A A. distribution

6 years ago

A movement along the same demand curve either upwards or downwards as a result of change in price implies?

A. a change in demand B. a change in quantity demanded C. an increase in demand D. a shift in…

6 years ago

Distribution of goods and service is hindered by?

A. good road network B. efficient storage facilities C. too many middlemen D. adequate market information Correct Answer: Option C…

6 years ago

An owner-manager of a firm can also be called?

A. a shareholder B. an entrepreneur C. an employer D. a chairman Correct Answer: Option B B. an entrepreneur

6 years ago

Mining is an example of?

A. tertiary production B. primary production C. secondary production D. advanced production Correct Answer: Option B B. primary production

6 years ago

The reward to capital as a factor of production is?

A. rent B. wage C. interest D. commission Correct Answer: Option C C. interest

6 years ago

Which of the following tool of economic analysis is used when data contains more than one category?

A. Bar charts B. component bar charts C. Graphs D. Symbolical statement Correct Answer: Option B B. component bar charts

6 years ago