economics

The population density of a town made up of 50 square kilometer land area and 100 million people is ______?

A. 50,000 people per square kilometer B. 2 million people per square kilometer C. 0.5 million people per square kilometer…

5 years ago

Which of the following is an invisible item?

A. Petroleum services B. Processed rice C. Processed milk D. Banking services Correct Answer: Option D - Banking services Explanation…

5 years ago

The number of people who are qualified to work and who offer themselves for employment is called _________?

A. Migrant labour B. Working population C. Labor turnover D. Mobility of Labour Correct Answer: Option B - Working population…

5 years ago

The formula (index of export prices)/(index of import prices) X 100 is used to measure the _________?

A. Volume of trade between countries B. direction of international trade C. commodity terms of trade D. volume of imports…

5 years ago

The study of Economics becomes necessary because of the ___________?

A. Large population size of the world B. Scarcity of resources C. Opportunity cost of goods and services D. Need…

5 years ago

Efficiency of labour in a country is determined by the following except the _______?

A. Social attitude to work B. Education and training C. Total population D. Working conditions of workers Correct Answer: Option…

5 years ago

In a capitalist economy; factors of production are owned and controlled by the _____?

A. Citizen B. Business Men C. Government D. Foreigners Correct Answer: Option B - Business Men Explanation Capitalism or free…

5 years ago

The two major types of international trade are Bilateral trade and?

A. Internal trade B. Multilateral trade C. Dilateral trade D. Trilateral trade Correct Answer: Option B - Multilateral trade Explanation…

5 years ago

The diagram below represents a production function. At which of the points does diminishing returns set in ________?

A. R B. S C. T D. V Correct Answer: Option D = V Explanation Law of diminishing returns states…

5 years ago

As a factor of production; the reward for land is?

A. Profit B. Interest C. Rent D. Wage Correct Answer: Option C - Rent Explanation As factors of production, the…

5 years ago