A. commission B. profits C. fixed interest D. quasi-rent Correct Answer: Option D D. quasi-rent
A. pooling resources together against risks B. Mobilization of funds through premiums collected C. Encouragement of investment by the security…
A. agreement made for consumers to buy all they need B. arrangement made for producers, sell all their goods C.…
A. sound economic decision B. opportunity cost C. practicable government policy D. scale of preference Correct Answer: Option B B.…
A. increase in wealth B. overcrowding C. increase in crime rate D. under-population Correct Answer: Option D D. under-population Explanation…
A. location of industry B. amalgamation of industries C. localization of industries D. nationalization of industry Correct Answer: Option C…
A. Taking over all forms of industries by the government B. provision of social infrastructure C. Giving tax incentives, especially…
A. meet daily and regular transactions B. take advantage of changes in the prices of goods and services C. cover…
A. Medium of exchange B. Unit of Account C. Store of value D. Standard of deferred payment Correct Answer: Option…
A. may lead to overproduction B. brings about over-dependence of countries on one another C. provides a foreign market for…