Wage
Profit
Rent
Dividend
Correct answer is A
No explanation has been provided for this answer.
The problem of scarcity is reduced by
Controlling consumption of goods and services
Producing everything needed by the consumers
Ensuring efficient allocation of resources
Restricting consumer choice and taste
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not an advantage of tabular presentation of data?
Enables easy location of required figures
Makes for easy comparison of figures
Occupy more space than mathematical equations
Shows whether the figures are increasing or decreasing
Correct answer is C
No explanation has been provided for this answer.
The major agents of economics system are
Consumer, workers and producers
Markets, telecommunication and banks
Schools, hospitals and universities
Individuals , firms and government
Correct answer is D
No explanation has been provided for this answer.
Economic as a field of study is a
Pure science
Political science
Social science
Physical science
Correct answer is C
No explanation has been provided for this answer.