economics

Which of the following is not a consequence of increased unemployment?

A. a fall in tax revenue for the government B. a reduction in trade union's influence C. a fall in…

6 years ago

Natural growth rate of population can be defined as the?

A. difference between birth rate and death rate B. number of births in a year C. increase in the population…

6 years ago

The grouping of the population according to the economic activities people engage in is?

A. age distribution B. sex distribution C. geographical distribution D. occupational distribution Correct Answer: Option D D. occupational distribution

6 years ago

Frictional unemployment can be reduced by?

A. encouraging the use of restaining schemes B. removing barriers to labour mobility C. restricting the introduction of new technology…

6 years ago

The increase in population growth in big cities is referred to as?

A. settlement B. migration C. industrialization D. urbanization Correct Answer: Option D D. urbanization

6 years ago

One good reason for the elimination of middlemen is that they?

A. cause an increase in price B. help in price stability C. grade and blend goods D. are too many…

6 years ago

A firm’s main aim is to?

A. survive the business B. maximize profits C. increase its market share D. satisfy the ambition of its managers Correct…

6 years ago

If there are no barriers to entering a market, it means that?

A. anyone can become a buyer or a seller B. unwanted goods can always enter the market C. the market…

6 years ago

In which of the following markets does a firm have the power to make super-normal profits both in the short run and long run?

A. Monopoly B. Duopoly C. Oligopoly D. Monopsony Correct Answer: Option A A. Monopoly

6 years ago