A. Control of inflation B. Distortion of price mechanism C. Prevention of exploitation D. Control of producer’s profit E. Helping…
A. A table containing the price of goods B. A table showing the relationship between price and quantity demanded of…
A. Is concave to the point of origin B. Is convex to the point of origin C. Is parallel to…
A. Political organization B. Trade organization C. Financial organization D. Social organization E. Commercial organization Correct Answer: Option C -…
A. Planned economy B. Mixed economy C. Traditional economy D. Free Market economy E. Socialist economy Correct Answer: Option D…
A. what goods and services to produce B. for whom to produce goods or services C. what techniques of production…
A. when MC = AR B. when MC = PC C. when MC = MR D. when AC = AR…
A. supplier B. consumer C. quantity of goods demanded D. quantity of goods supplied E. interaction of demand and supply…
A. rate of which the population grows B. number of people that makes up the labour force C. efficiency of…
A. resource B. wants C. choice D. output E. factors Correct Answer: Option B - wants Explanation One of the…