Which of the following does not apply to private companies?

A. the number of shareholders is limited

B. the liability of shareholders is limited

C. accounts have to be publicized

D. the companies are separate legal entities

E. shares are not easily transferable

In , Economics the reward for labour is in the form of

A. wages

B. profit

C. rent

D. dividends

E. interest

A nation with a working population that is insufficient to exploit its resources is said to be

A. over-populated

B. under-populated

C. experiencing decrease population

D. experiencing increasing population

E. having optimum population

Which of the following may not be included in explaining the term production?

A. provision of services

B. manufacture of goods

C. changing raw materials ti finishing goods

D. use of consumer goods

E. making goods available where and when they are needed

Which of the following business establishment are not motivated mainly by profit?

A. Public Limited Companies

B. Private Limited Companies

C. Holding companies

D. Patnershps

E. Co-operatives

Production is not complete until the

A. goods gets to the wholesaler

B. goods reached the final consumer

C. factors of production are combined

D. goods are ready for transportation

E. wholesalers ask the firms to produce

Which of the following is the correct way to calculate total cost?

A. Addition of fixed cost to variable cost

B. Division of total cost by total output

C. Multiplication of fixed cost by the variable cost

D. Subtraction of fixed cost from total cost

E. Addition of marginal cost to average cost

Robert T. Malthus postulated in his population theory that

A. the death rate may become so high that people may not survive

B. people will eventually stop having children

C. people will migrate from one place to another in search of food

D. posititve efforts should be made to increase population

E. population growth rate may out-grow the means of subsistence

Division of labour may be restricted when

A. an ailing economy has improved

B. producers live in villages

C. market is small

D. there is full employment

E. there is inflation

Land is often distinguished as a factor of production because it

A. is a free gift of nature

B. constitutes one-third of the entire world

C. is unlimited in supply

D. is owned by individuals

E. is owned by government