A major feature of capitalism is
Collective ownership of means of production
Competition
Equality or egalitarianism
Redistribution of income
Socialization and welfare
Correct answer is B
No explanation has been provided for this answer.
Elastic
Inelastic
Unitary elastic
Both A and B
Correct answer is B
No explanation has been provided for this answer.
The concept of choice in Economics refers to
A decision between one thing and another
Ranking of wants in an ascending order
Selection of most pressing wants out of a range of alternatives
Ranking of wants on a table of preference
Separating defective commodities from non-defective ones
Correct answer is C
No explanation has been provided for this answer.
The following are qualities of money EXCEPT
Acceptability
Divisibility
Homogeneity
Portability
Rationality
Correct answer is E
No explanation has been provided for this answer.
Disguised unemployment is the same thing as
Residual unemployment
Seasonal unemployment
Structural unemployment
Under-employment
Voluntary unemployment
Correct answer is D
No explanation has been provided for this answer.