Economics

Q11

Which of the following is not part of the opportunity cost of going on holiday ?

Q12

A real value can be derived from a nominal value by ?

Q13

If quantity demanded for a good rises 20% when income rise 2%, then the good is a(n):

Q15

In addition to civics, which social science explores the economic aspects of society?

Q18

What do companies call a meet of benefits that they promise to consumers to all satisfy their needs?

Q19

When a company is able to reduce fixed cost per unit by producing in large quantities, this is known as:

Q20

In a free market system, the amount of goods and services that any one household gets depends upon its ?

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