A. 2082 B. 2809 C. 2808 D. 2209 Correct Answer: Option B - 2809 Explanation The root of the standard…
A. feudal economy B. capitalist economy C. socialist economy D. mixed economy Correct Answer: Option D - mixed economy Explanation…
A. AFC B. MC C. AC D. AVC Correct Answer: Option B - MC Explanation Monopolies make profits by creating prices that…
A. 34 B. 32 C. 36 D. 16 Correct Answer: Option B - 32 Explanation Equilibrium price = quantity demanded…
A. 18m B. 17m C. 12m D. 9m Correct Answer: Option A - 18m Explanation To calculate the percentage…
A. 15% B. 10% C. 54% D. 24% Correct Answer: Option C - 54% Explanation 126% + 72% + 108%…
A. level of total expenditure B. composition of consumer spending C. number of farmers D. size of the labour force…
A. ensure adequate protection of infant industries B. provide a mechanism for tariff reduction C. assist countries with chronic balance…
A. excise duties B. import duties C. quotas D. tariff Correct Answer: Option C - quotas Explanation Quotas: a limited…
A. the highest denomination of the currency B. an Act of the parliament C. the system of government D. the…