A. competitive demand B. joint demand C. derived demand D. composite demand Correct Answer: Option C C. derived demand
A. How much goods are to be produced B. The combination of resources to be used C. Which goods and…
A. the land tenure system could be reformed B. more irrigation schemes could be provided C. better storage facilities could…
A. The use of obsolete capital B. Technological change C. Expansion of land under cultivation D. An increase in the…
A. at maximum B. fixed C. variable D. increasing Correct Answer: Option C C. variable
A. substitutes B. complementary C. jointly demanded D. identical Correct Answer: Option A A. substitutes
A. physical goods B. economic goods C. free goods D. intangible goods Correct Answer: Option B B. economic goods
A. legal monopoly B. natural monopoly C. state monopoly D. international monopoly Correct Answer: Option A A. legal monopoly
A. The real value of any amount saved falls over time B. Interest rates are generally low C. There are…
A. elastic supply B. joint supply C. exceptional supply D. competitive supply Correct Answer: Option B B. joint supply