According to Absolute and Comparative Advantage theories----- is the only factor of production. (a) land (b) labour © capital (d) organization. Answer : (b) labour...
Land, labour, capital and entrepreneurship are examples of which of the following (a) Public goods (b) Inferior goods © Factors of production (d) Outputs
According to Modern Theory of Rent, rent accrues to (1) capital only (2) any factor (3) labour only (4) land only Answer : any factor...
Classical economists’ neglects---- side in their theories. (a) demand (b) supply © savings (d) investment Answer : (a) demand...
. Terms of trade is (a) the ratio of imports / exports (b) the ratio of exports/imports © the ratio of goods/services (d) the ratio of land/labour Answer : (b) the ratio of exports/imports...
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