economics

The main characteristics of ordinary shares are?

A. maximum risk, fixed dividends, voting rights B. minimum risks, fixed dividends, no voting rights C. maximum risks, variable dividends,…

6 years ago

A business outfit is said to be a public limited company when it?

A. is owned by the government B. operates as a public corporations C. is run by the public D. sells…

6 years ago

Revenue is the?

A. cost of good multiplied by the quantity sold B. price of goods multiplied by the quantity sold C. quantity…

6 years ago

Which of the following is regarded as fixed cost?

A. expenditure on raw materials B. expenditure on fuel C. expenditure on power D. rent on land Correct Answer: Option…

6 years ago

The transformation curve slopes indicate that?

A. opportunity cost of producing one commodity for another B. opportunity cost of producing two commodities at a time C.…

6 years ago

In the long run all factors of production are?

A. expensive B. variable C. durable D. fixed Correct Answer: Option B B. variable

6 years ago

Small scale enterprises are important in a country because?

A. they usually produce goods for the dependants B. they provide after-sales service only to the rich C. the price…

6 years ago

If the co-efficient of elasticity of demand is 1.5, then the demand is?

A. fairly inelastic B. perfectly elastic C. elastic D. inelastic Correct Answer: Option C C. elastic

6 years ago

Which of the following determinants of supply cannot be predicted easily?

A. price of the commodity B. new techniques of production C. national emergencies D. mobility of labour Correct Answer: Option…

6 years ago

A major function of the price mechanism is that it determines the?

A. allocation of resources B. amount of national savings C. population of the country D. number of goods to be…

6 years ago