A basic economic problem of any society is
...A basic economic problem of any society is
High level of illiteracy
Irregular power supply
Population growth
Resource allocation
Correct answer is D
The fundamental economic problem is the issue of scarcity and how best to produce and distribute these scare resources. Scarcity means there is a finite supply of goods and raw materials. Finite resources means they are limited and can run out.
Economic development may be hindered if there is ...
If the demand function is Qd = -0.5 + 20, calculate the quantity demanded when price is $15.0 ...
Marginal cost can be derived from the ...
One benefit a country can derive from the extraction of crude oil is increase in? ...
The optimal range of output for a perfectly competitive firm is ...
Risk bearing and managerial control are the main function of the ...
Quantity (kg) Fixed cost ($) Variable cost ($) Total cost ($) Marginal c...
Wages are to some extent determined by the ...
Which of the following will NOT bring about an increase in Labour force? ...