A. An entrepreneur B. a producer C. a banker D. a retailer Correct Answer: Option D D. a retailer
A. economic profit B. business profit C. normal profit D. excess profit Correct Answer: Option C C. normal profit
A. create additional employment B. increase expenditure C. source for new funds D. increase the level of efficiency Correct Answer:…
A. indigenization B. joint venture C. commercialization D. foreign investment Correct Answer: Option B B. joint venture
A. former owners are removed without compensation B. it has the right o draw on state funds for capital investment…
A. many sellers B. Homogenous commodity C. a single seller D. Perfect knowledge Correct Answer: Option C C. a single…
A. natural barriers to entry B. legal barriers to entry C. illegal barriers to entry D. unnatural barriers to entry…
A. consumers increasing their demand for the product B. consumers' demand for the product remaining unchanged C. consumers shifting completely…
A. inferior goods B. substitutes C. complements D. free goods Correct Answer: Option B B. substitutes
A. 12 bags B. 24 bags C. 28 bags D. 30 bags Correct Answer: Option C C. 28 bags