A. cost economies B. economies of scale C. internal economies D. external economies Correct Answer: Option B - economies of…
A. beneficial B. power of satisfying a want C. advantageous D. consumable Correct Answer: Option B - power of satisfying…
A. J B. K C. M D. L Correct Answer: Option B = K
A. cost B. salary C. bonus D. wage rate Correct Answer: Option D - wage rate Explanation The wage rate…
A. an Improvement in capital goods technology but not In consumer goods technology B. a movement from unemployment to full…
A. can be calculated from incomplete data B. is a balancing point in an observation C. is a midpoint value…
A. command economy B. mixed economy C. subsistence economy D. market economy Correct Answer: Option D - market economy
A. scarcity and the need for choice B. The needs to satisfy wants C. Non - availability of factors of…
A. output - labour ratio B. capital - output ratio C. output growth rate D. Output per capital Correct Answer:…
A. C + 1 + G(X-M) B. C + 1 + G C. C + 1 + G + X…