A. Fairly elastic B. Perfectly inelastic C. Fairly inelastic D. Unitary elastic E. Perfectly elastic Correct Answer: Option B -…
A. Exploiting B. Exploring C. Refining D. Marketing E. Exporting Correct Answer: Option D - Marketing
A. Building roads and bridges B. Supply of electricity C. Building of damns D. Building of habours E. Payment of…
A. Person who is to be paid the sum of money as written on the cheque B. Person who takes…
A. Transportation by land, water and air is involved B. Goods are exchanged C. Services are exchanged D. The same…
A. Effective management B. Limited size of the market C. Availability of funds D. Increased profit prospects E. Increasing returns…
A. The law of comparative advantage was propounded by David Ricardo B. The law stresses the importance of relative efficiency…
A. Terms of trade shows the difference between the values of export and imports B. Terms of trade indicate the…
A. Money at call and short notice B. Treasury Bills C. Commercial Bills D. Stock and Shares E. Cash Correct…
A. Increase in population cause hunger and death B. The population increase faster than food supply C. The population grows…