A. textbook B. labour C. staple food D. mobile phone Correct Answer: Option B B. labour Explanation Derived demand is…
A. fairly elastic demand B. perfectly elastic demand C. perfectly inelastic D. fairly inelastic demand Correct Answer: Option C C.…
A. desire for the commodity B. significance of the commodity C. ability to pay for the commodity D. economic value…
A. complements B. substitutes C. luxurious D. inferior Correct Answer: Option B B. substitutes Explanation A positive cross-price elasticity value…
A. directives of the government B. the pattern of consumers spending C. producers of consumer goods D. people producing what…
A. raw material B. money C. fuel D. machinery Correct Answer: Option D D. machinery Explanation Circulating capital can consist…
A. tuition, fees, and books B. boarding and lodging C. the wages are given up to attend the university D.…
A. its issues can be easily verified by reference to facts B. it adopts scientific methods in making its analysis…
A. iron rod B. wildlife C. solar energy D. gold Correct Answer: Option C C. solar energy Explanation A natural…
A. population B. employment C. money D. demand for imports Correct Answer: Option B B. employment Explanation The extraction of…