The best method of production in an under populated country is
Labour-extensive
Land-intensive
Capital-intensive
Labour-intensive
Correct answer is C
No explanation has been provided for this answer.
Shift parallel inwards
Rotate outwards away from the origin
Rotate inwards towards the origin
Shift parallel outwards
Correct answer is C
No explanation has been provided for this answer.
General increase in the price of a single product
Period of economic recession
Period of hunger
Period of excessive money
Persistent rise in the general price level
Correct answer is E
No explanation has been provided for this answer.
Entrepreneur is associated more with
Capital management
Production of beverage
Profit making
Profit sharing
Risk bearing
Correct answer is E
No explanation has been provided for this answer.
Which of the following is a determinant of elasticity of supply?
Consumer’s income
Degree of necessities
Durability of the product
Number of uses of the commodity
Proportion of income spent on the product
Correct answer is C
No explanation has been provided for this answer.