economics

The downward sloping of the Average Revenue curve of the monopolist indicates that he?

A. Can control both output and price B. Can only break-even C. Can control either the output or the price,…

5 years ago

The reward of a debenture holder of a public company is a fixed rate of?

A. Interest B. Return C. Dividend D. Rent E. Allowance Correct Answer: Option A - Interest

5 years ago

Industry can simply be defined as?

A. Many firms producing different products B. A firm or firms producing similar goods and services C. Different firms producing…

5 years ago

Which of these does not encourage industrial development?

A. Tax exemption B. Provision of financial institution C. Provision of infrastructural facilities D. Limitation of markets for industrial products…

5 years ago

Inflation in any economy?

A. Has no monetary connection B. Implies a sustained decrease in the general price level C. Always increase the value…

5 years ago

A legal tender is any?

A. form of money B. means of exchange authorized by the state C. commodity generally acceptable as a medium of…

5 years ago

which of the following is the most important reason why wages differ among occupations?

A. Length and cost of training B. Supply of labour C. Attractiveness of the job D. influence of trade unions…

5 years ago

The grouping of a population into males and females is known as the?

A. geographical distribution B. age distribution C. sex distribution D. man-woman distribution E. occupational distribution Correct Answer: Option C -…

5 years ago

Distribution is part of production because it?

A. Makes goods and services available to the final consumer B. Transport the goods from place to place C. Offers…

5 years ago

In a rapidly growing economy where human labour is being replaced by machines, there is likely to be?

A. classical unemployment B. frictional unemployment C. seasonal unemployment D. residual unemployment E. cyclical unemployment Correct Answer: Option B -…

5 years ago