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Which of the following is not true of small companies ? they
The following are features of subsistence agriculture except
Natural growth rate of population can be defined as the
The grouping of the population according to the economic activities people engage in is
If the labour force of a country is 2.5 million and 2 million are employed , what is the unemployment rate?
Frictional unemployment can be reduced by
The increase in population growth in big cities is referred to as
One good reason for the elimination of middle men is that they
A firm's main aim is to
If there are no barriers to entering a market, it means that
In which of the following markets does a firm have power to make super normal profits both in the short run and long run?
A market structure where profit is maximized when marginal revenue, marginal cost and price are equal is known as
A firm will shut down in the long run if its earning is
The resource used in production are called
which of the following does not change in the short run?
The type of production that involve the tapping and harnessing of natural resources is
which of the following is not true about land?
A rational consumer is one who
When total utility is constant, it means marginal utility is