Mono-product economies are those that
...Mono-product economies are those that
Produce one main commodity
Produce only raw materials
Depend on the export of their raw materials
Specialize in agricultural industries
Correct answer is A
No explanation has been provided for this answer.
Inferior goods are referred to in Economics as goods ...
The reward for land as a factor of production is ...
Which of the following sets fully represents factors of production? ...
One major export crop in West Africa is ...
The additional revenue obtained by using one more unit of a factor is called its ...
The opportunity cost of a worker going to the university is ...
Oil was first discovered in commercial quantity in ……….. State ...
A decision on input combination solves the economic problem of ...
A market condition where profit is maximized when MR = AR = MC = P is known as ...