Which of the following is a compulsory membership?
community
state
society
club
Correct answer is B
No explanation has been provided for this answer.
At what point on the total product curve shown above will marginal product be negative?
Q
S
R
P
Correct answer is B
Marginal product is negative at point S on the total product curve. This is because the total product curve is decreasing at point S. When the total product curve is decreasing, the marginal product is negative.
The marginal product is the additional output that is produced when one additional unit of input is added. In this case, the additional output is decreasing, so the marginal product is negative.
The other points on the total product curve, P, Q, and R, are all increasing. Therefore, the marginal product is positive at these points.
Power can be defined as the ability to
compel or influence obedience
encourage self-help projects
delegate judicial functions
oppose government policies
Correct answer is A
power is the capacity of an individual to influence the actions, beliefs, or conduct (behaviour) of others.
To overcome the problem of double counting under the expenditure approach
Spending on intermediate goods and inputs are considered
Valued added method is used
Proper accounting standards must be used
Only spending on final goods are considered
Correct answer is D
To overcome the problem of double counting under the expenditure approach, only spending on final goods are considered.
The expenditure approach to calculating national income measures the total spending on goods and services in an economy. However, this can lead to double counting, as the same good or service can be counted multiple times if it is used in the production of other goods and services.
To avoid double counting, only spending on final goods is considered when using the expenditure approach. Final goods are goods and services that are not used to produce other goods and services. Intermediate goods, on the other hand, are goods and services that are used to produce other goods and services.
By only considering spending on final goods, the problem of double counting is avoided. This is because final goods are not used to produce other goods and services, so they are not counted multiple times.
A state performs the following functions except
promoting the welfare of the citizens
encouraging the struggle for power
providing social services
encouraging trade with other states
Correct answer is B
The main functions are maintaining law, order and stability, resolving various kinds of disputes through the legal system, providing common defense, and looking out for the welfare of the population in ways that are beyond the means of the individual, such as implementing public health measures etc.
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