One of the disadvantages of the division of labour is that it
Saves time
Makes work monotonous
Encourages full utilization of capital
Makes workers skilled at their work
Allows greater use of machinery
Correct answer is B
No explanation has been provided for this answer.
The ranking of a consumer’s need in order of importance is termed
An opportunity cost
Economies of scale
A scale of preference
The making of choice
Direct production
Correct answer is C
No explanation has been provided for this answer.
A shift in supply curve to the right will result in a
Fall in both the price and supply
Fall in price but an increase in supply
Rise in both price and supply
Rise in price and fall in supply
No change in price and supply
Correct answer is B
No explanation has been provided for this answer.
Demand is elastic
Demand is inelastic
Demand is perfectly inelastic
Supply is not elastic
Demand has decline
Correct answer is A
No explanation has been provided for this answer.
International trade takes place because of difference in
Production cost
Language
Government policy
Currency
International boundary
Correct answer is A
No explanation has been provided for this answer.