The following are rewards for factors of production EXCEPT
Interest
Profit
Rent
Subsidy
Wages
Correct answer is D
No explanation has been provided for this answer.
Which of the following is the correct order in the chain of distribution?
Consumer —> Distributor → Retailer → Producer
Producer → Consumer → Retailer → Wholesaler
Producer → Wholesaler → Retailer → Consumer
Retailer → Consumer → Producer → Wholesaler
Wholesaler → Retailer → Producer → Consumer
Correct answer is C
No explanation has been provided for this answer.
Demand is greater than supply
Demand equates supply
Demand is less than supply
Price is equal to demand only
Price is equal to supply only
Correct answer is B
No explanation has been provided for this answer.
Which of the following is a disadvantage of localization of industries?
Aiding cooperation among firms
Creating structural unemployment
Encouraging subsidiary industries
Encouraging the growth of skilled labour
Reducing cost of production
Correct answer is B
No explanation has been provided for this answer.
The demand for factors of production is said to be
Competitive
Complementary
Composite
Derived
Joint
Correct answer is D
No explanation has been provided for this answer.