A major effect of a long distribution chain is?
A. high retail prices B. scarcity of commodities C. low retail prices D. low producer earnings Correct Answer: Option B – scarcity of commodities
Firms continue to employ workers until the wage rate equals the?
A. average product of labour B. marginal revenue product of labour C. total product of labour D. sum of marginal revenue and average revenue of labour Correct Answer: Option B – marginal revenue product of labour
The age distribution of a country’s population determines the?
A. ratio of the dependent to the working group B. total age of all working-class adults C. male-female ratio D. percentage of married women Correct Answer: Option A – ratio of the dependent to the working group
A well conducted census is important for?
A. effective defense B. effective revenue generation C. good economic planning D. optimum population Correct Answer: Option C – good economic planningProducts
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