Average Variable Cost (AVC) curve
Is U-shaped
Rises from left to right
Slopes upwards
Is horizontal to the X-axis
Correct answer is A
No explanation has been provided for this answer.
An association of workers in a particular industry, firm or line of job is called
Trade union
Trade association
Chamber of commerce
Assembly of workers
Correct answer is A
No explanation has been provided for this answer.
An industry can best be described as
A place where goods are processed
A place where different firms produced different goods
An aggregation of indidvidual firms producing similar commodities
The concentration of various firm in the same locality
Correct answer is C
No explanation has been provided for this answer.
The movement along the same curve is a
Change in demand
Change in quantity demanded
Shift in demand
Market demand
Correct answer is B
No explanation has been provided for this answer.
Net migration is the difference between
Population and census
Immigrants and emigrants
Per capita income and population
Internal and external migration
Correct answer is B
No explanation has been provided for this answer.