To obtain a virtual, erect and magnified image from a thin converging lens, an object must be placed
between the focus and the lens
at the focus
between the focal length and twice the focal length
beyond twice the focal length
Correct answer is A
When the object is placed between the optical centre of the lens and the focal length, the image formed is virtual, erect and magnified.
The poorer the country, the larger the percentage of labour force engaged in?
Agricultural
Mining
Trading
Manufacturing
Correct answer is A
No explanation has been provided for this answer.
Which of the following activities will not lead to economic growth?
Massive importation of capital goods
Intensive capital formation locally
Use of modern technology
Massive importation of consumer goods
Correct answer is D
Activities that lead to economic growth
In order to increase revenue, government should tax commodities for which demand is?
Perfectly price inelastic
Price inelastic
Price elastic
Unitary elastic
Correct answer is A
An economic situation in which the price of a product will have no effect on the supply. In a perfectly inelastic situation regardless of the amount of a product on the market, the price of the product remains the same.
Income is redistributed when the rich are progressively taxed and
More private schools are established
Subsidy is provided on petroleum products
More public goods are provided
Farmers are given guaranteed prices
Correct answer is C
Income Redistribution is an economic practice which is aimed at leveling the distribution of wealth or income in a society through a direct or indirect transfer of income from the rich to the poor. Economists or Governments adopt economic policies and strategies like progressive taxation to implement this phenomenon. The tax is used to build public infrastructure.