It is productive
It is expensive
It is always cheaper to substitute capital for labour
It is technically more efficient than labour
Both A and B above
Correct answer is A
No explanation has been provided for this answer.
When we draw a market demand curve, we?
Ignore tastes, incomes and other prices
Assume that tastes, income and prices do not matter
Assume that taste, income and all other prices change in same direction as prices
Assume that tastes, incomes and all other prices remain constant
Both A and B above
Correct answer is D
No explanation has been provided for this answer.
Which of the following is the standard concept for measuring and analyzing population growth?
The rate of natural increase
The net migrate
The rate of population increase
The fertility rate
All of the above
Correct answer is E
No explanation has been provided for this answer.
Zero
Not measurable
Its price in money
Infinite
Equal to one
Correct answer is A
No explanation has been provided for this answer.
The fundamental problem of Economics is?
Money
Poverty
Unemployment
The scarcity of resources relative to wants
Inflation
Correct answer is D
No explanation has been provided for this answer.