Economist speaks about ‘opportunity cost’ when a consumer
Economist speaks about ‘opportunity cost’ when a consumer A. he has the change to minimize cost … Read More
Economics
The cost which firm will incur whether it is in production or not, is referred…
The cost which firm will incur whether it is in production or not, is referred to … Read More
Despite the benefits large firms enjoy, it could be limited by the
Despite the benefits large firms enjoy, it could be limited by the A. a desire to … Read More
Localization of industry refers to the
Localization of industry refers to the A. conentration of the firms of an industry in a … Read More
One of the advantages of large scale production is that
One of the advantages of large scale production is that A. there is a rise in … Read More
Which of the following is an advantage of division of labour?
Which of the following is an advantage of division of labour? A. production of specialized goods … Read More
Warehouse facilities in the distribution and marketing of products are provided by
Warehouse facilities in the distribution and marketing of products are provided by A. manufacturer B. wholesaler … Read More
Land is a factor of production because it
Land is a factor of production because it A. is a free gift of nature B. … Read More
Which of the following is a reward to a factor of production?
Which of the following is a reward to a factor of production? A. interest B. donation … Read More
Economics is best described as the study of
Economics is best described as the study of A. the wealth of nations B. how man … Read More