Which Of the following is NOT an obstacle to economic development
Low level of investment
Lack of modern technology
High rate of population growth
Low productivity
Dedicated leadership
Correct answer is E
No explanation has been provided for this answer.
The advantages that accrue to a firm as the size of the firm increases are known as
External diseconomies
Internal returns to scale
Internal economies
Internal diseconomies
Constant returns to scale
Correct answer is C
No explanation has been provided for this answer.
Length and cost of training
Demand and supply
Attractiveness of the job
Influence of the trade union
Government intervention
Correct answer is A
In determining the wages of the workers in different occupations, allowances must be made for all the exercises incurred on training and time devoted for it. This makes option A (Length and cost of training) the correct answer.
The production within the domestic territory of a country is called the
Net national product
Gross domestic product
Net income
Disposable income
Gross national product
Correct answer is B
No explanation has been provided for this answer.
Division of labour is limited by?
The size of market
The productivity of capital
Cost of production
The factors of production
Government policy
Correct answer is A
No explanation has been provided for this answer.