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Which of the following items is not considered as a transfer payment?
Which of the following factors will not underestimate the national income?
The total value of goods and services produced within the borders of a country is
A country is described as industrialized if
Which of the following is a major advantage of establishing a tomato-processing factory in a country?
Agricultural productivity may be increased if
The use of interest rates to control the money supply is a
Human development can be improved if
Malthusian theory of population was proved wrong because
Middlemen are made up of
Govermment in most cases influences the location of firms to
Which of the following means of funding a business is very reliable and cheap?
In perfect competition, the average revenue curve of a firm is
A cost of production that is positively related to output is the
The table below shows the short-run cost of a firm. Use it to answer the question below
| Quantity (kg) | Fixed cost ($) | Variable cost ($) | Total cost ($) | Marginal cost ($) | Average cost ($) |
| 1 | 750 | 200 | 950 | - | 950 |
| 2 | 750 | 560 | 1310 | 360 | 655 |
| 3 | 750 | 900 | P | Q | 550 |
Calculate the value of Q
The short-run in production is the time period when
When an increase in inputs leads to a more than proportionate increase in output, there is
What happens when a minimum price is imposed in a market?
When the price of a good is above the equilibrium, there will be
| Units of quantity consumed | Total utility | Marginal utility |
| 0 | - | - |
| 1 | 10 | 10 |
| 2 | 15 | 5 |
| 3 | 17 | 2 |
| 4 | 18 | 1 |
| 5 | 18 | 0 |
The table above illustrates the law of?