The market price of a commodity is determine by the
Total number of people in the market
Total demand for the commodity
Quantity of the commodity supplied
Interaction of demand and supply
Law of demand
Correct answer is D
No explanation has been provided for this answer.
Rate of increase in a country's full employment and real output
Rate of increase in a nation's total population
Rate of increase in inflation
Rate of decrease inflation
Growth in birth rate
Correct answer is A
No explanation has been provided for this answer.
A society that is on its production possibility curve
Has attained full employment but not full production
Has attained full production but not full employment
Is using its resources inefficiently
Has attained both full employment and full production
Has a lower output level than it should have
Correct answer is D
No explanation has been provided for this answer.
Which of the following is not a characteristics of money?
Scarcity
Durability
Divisibility
Homogeneity
Mobility
Correct answer is E
No explanation has been provided for this answer.
In Economics production is complete when
Goods are produced in the factories
Goods are sold to wholesalers
Prices are fixed for goods and services
Goods and services reach the consumer
Goods are sold to retailers
Correct answer is D
No explanation has been provided for this answer.