A country whose population size is too small relative to ...
A country whose population size is too small relative to its resource is
Over populated
Optimally populated
Under populated
Producing the optimum output
Correct answer is C
Under population is a situation where a population is too small, therefore unable to fully utilize the available resource endowments.
Under population is also characterized by a situation where the available resources are capable of supporting a much larger population with no reduction in living standards.
Economics is regarded as a social science because it ...
The allocation of goods and services in a free market economy is performed by ...
An industry's supply curve is more likely to be elastic when firms are ...
In which situation is it likely that the demand for labour would be inelastic? ...
The primary objective of establishing the Export Process Zone is to ...
The central banks control credit in the economy through the use of ...
Short-term loans can be sourced from ...
If government fixes price below the equilibrium price, what effect will it have on demand? ...