Education and training
Good working condition
Healthier workforce
Increased productivity worker accompanied by improvement in the quality of output
The amount of incentives or remuneration given to workers
Correct answer is D
No explanation has been provided for this answer.
A tax system which takes lesser percentage of a tax payers income as his income increase is known as
Direct tax
Indirect tax
Progressive tax
Proportional tax
Regressive tax
Correct answer is C
No explanation has been provided for this answer.
In economics, electricity, water supply, communication networks, road, etc are known as
Capital structure
Development induces
Development projects
Infrastructural facilities
Project growth
Correct answer is D
No explanation has been provided for this answer.
A price which equates demand with supply
A price where there is excess demand
Where consumers gain much
Where producers gain much
where supply is more than demand
Correct answer is A
No explanation has been provided for this answer.
According to the theory of comparative advantages, countries are to specialize based on their
Absolute cost advantages
Absolute cost disadvantages
Comparative cost advantages
Comparative cost disadvantages
The availability of labour
Correct answer is C
The theory of comparative advantage states that if countries specialise in producing goods where they have a lower opportunity cost – then there will be an increase in economic welfare.
The law of comparative advantage describes how, under free trade, an agent will produce more of and consume less of a good for which they have a comparative advantage.