Productivity per worker, is best measured by
Total output less number of workers
Total output multiplied by number of workers
Number of workers less total output
Total output divided by number of workers
Correct answer is D
No explanation has been provided for this answer.
The graph of the function X = a + bY is
Linear
Quadratic
Cubical
Exponential
Correct answer is A
No explanation has been provided for this answer.
The system whereby goods are exchanged for goods is known as
Stock exchange
Barter system
Banking
Cooperative system
Correct answer is B
No explanation has been provided for this answer.
Which of the following best describes capital as a factor of production?
A natural resources found everywhere
A stock of physical assets used for production
The organization of human and material resources for production
Resources used in training labour
Correct answer is B
No explanation has been provided for this answer.
Every society strive to pursue all the following economic objectives except
Increase production
Price stability
An inequitable distribution of income
Sustainable growth and income
Correct answer is C
No explanation has been provided for this answer.