Which of the following is a reward to a factor of production?
Interest
Donation
Gifts
Subsidy
Correct answer is A
No explanation has been provided for this answer.
Warehouse facilities in the distribution and marketing of products are provided by
Manufacturer
Wholesaler
Retailer
Advertisers
Correct answer is B
No explanation has been provided for this answer.
Subsistence production means that goods and services are
Produced for consumption only
Sold to others
Sold in the country
Produced for the market
Correct answer is A
No explanation has been provided for this answer.
The most frequent occurring value in a given data is the
Mode
Median
Mean
Range
Correct answer is A
No explanation has been provided for this answer.
Economics is best described as the study of
The wealth of nations
How man consume his products
How man provides for his everyday needs
The distribution of wealth
Correct answer is C
No explanation has been provided for this answer.