A major effect of ageing population is
Reduced labour force
Rise in price of commodities
Reduced infrastructures
Neglect of agriculture
Correct answer is A
No explanation has been provided for this answer.
Birth rate less death rate
Death rate less migration
Death rate plus birth rate
Birth rate plus migration
Correct answer is A
No explanation has been provided for this answer.
An entrepreneur is likely to make more profits when
Expenditure is more than revenue
Competitors charge lower prices
Costs per unit output falls
Quantity of output reduces
Correct answer is C
No explanation has been provided for this answer.
Division of labour is limited by
The size of the market
The productivity of capital
Cost of production
The factors of production
Correct answer is A
No explanation has been provided for this answer.
As a firm expands, it enjoys some advantages called
Variable proportion
Diminishing marginal returns
Internal economies of scales
Decreasing returns to scale
Correct answer is C
No explanation has been provided for this answer.