Question 1 of 9 49 total questions
Revenue is the
A total profit made after sales
B amount spent on purchase
C amount of goods produced
D total money realized from sales
What must be added to variable cost to give total cost?
A average total cost
B average variable cost
C fixed cost
D marginal cost
When population is classified according to professions, it is called
A geographical distribution of population
B age distribution of population
C sex distribution of population
D occupational distribution of population
a country where labour is not sufficient to make proper use of natural resources is said to have an
A active population
B optimum population
C over-population
D under-population
one characteristics of labour is that it is
A fixed in demand
B fixed in supply
C mobile
D untrainable
The Malthusian theory of population does not concern itself with
A growth of food production in arithmetical progression
B growth of population in geometric progression
C positive check to population growth
D development and growth of manpower
The reward which accrues to labour for participating in production is
A interest
B wage
C bonus
D profit
The satisfaction derived from the use of a commodity is its
A demand
B elasticity
C wealth
D utility
The three principal economic unit in any system are
A trade, industry and banking
B workers, consumers and shareholders
C households, firms and governments
D comapnies, industry and plants
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