Which of the following is NOT a feature of land?
Free gift of nature
Fixed in supply
Geographically immobile
Returns on land is wages
Subject to law of diminishing returns
Correct answer is D
No explanation has been provided for this answer.
If the price Index of export is 140% and import is 200%, what is
60
70
100
140
280
Correct answer is B
No explanation has been provided for this answer.
Economics is regarded as a social science because it
Helps people to be acceptable In the society
Is associated with social dubs
Is used by sociologist
Studies human behavior
Uses controlled experiment
Correct answer is D
No explanation has been provided for this answer.
Which of the following is a condition necessary
Few sellers and buyers
Free entry and exist
Homogeneous goods
Lack of preferential treatment
Many callers and buyers
Correct answer is A
No explanation has been provided for this answer.
The solution to problem of how to produce in a capitalist economy is solved by
Combining aid labour means of production
The producers involves
Using capital Intensive method of production
Using labour intensive method of production
Using the method of production with the least cost
Correct answer is B
No explanation has been provided for this answer.