Which of these does not encourage industrial development?
Tax exemption
Provision of financial institution
Provision of infrastructural facilities
Limitation of markets for industruial products
Government direct participation
Correct answer is D
No explanation has been provided for this answer.
In which of the following economics system is the consumer referred to as ‘The King’?
Planned economy
Mixed economy
Traditional economy
Free Market economy
Socialist economy
Correct answer is D
No explanation has been provided for this answer.
In any economic system, which of the following is not an economic problem?
What goods and services to produce
For whom to produce goods or services
What techniques of production to be adopted
Equal distribution of goods and services
How to ensure that the economy grow over time
Correct answer is D
No explanation has been provided for this answer.
The equilibrium position of a firm is attained
When MC = AR
When MC = PC
When MC = MR
When AC = AR
When AR = MR
Correct answer is C
No explanation has been provided for this answer.
The price of a commodity is determined by the
Supplier
Consumer
Quantity of goods demanded
Quantity of goods supplied
Interaction of demand and supply
Correct answer is E
No explanation has been provided for this answer.