A. High tax rate B. Technology development C. High gross domestic product D. High-interest rate Correct Answer: Option C -…
A. that production is inefficient B. that demand is relatively inelastic C. that production is unattainable D. the law of…
A. favourable soil B. coal deposit C. crude oil deposit D. favourable climate Correct Answer: Option C = crude oil…
A. Expenditure method B. Consumption method C. Input Method D. Output method Correct Answer: Option B - Consumption method
A. government B. labour union C. private and public enterpriser D. system of economy practiced Correct Answer: Option D -…
A. zero base budget B. surplus budget C. deficit budget D. balanced policy Correct Answer: Option C - deficit budget…
A. Wages B. capital C. labour D. land Correct Answer: Option D - land Explanation Land is defined in economics…
A. joint stock exchange B. cooperative society C. sole proprietorship D. partnership Correct Answer: Option D - partnership Explanation A…
A. Ends B. Alternative means C. Scarce D. Means Correct Answer: Option A = Ends Explanation Professor Lionel C. Robbins…
A. The activities of multinationals B. inadequate personnel at the secretariat C. political instability D. inadequate international support Correct Answer:…