Economics

Reduction in money supply

Wage restraint and wage freeze

Reduction in taxes and increase in government spending

price control

Credit restriction

Changes in the cost of production

Technical progress

Weather

Changes in the number of producers

Changes in the number buyers

the out put of labour unaided by machinery

the extra revenue from the output of one additional woker

the difference in the output of two workers

additional output achieved when one extraworker is added to fixed account of other factors

none of the above

there is saving of time

it result in workers acquiring greater skill at their jobs

there is a greater risk of unemployment

it makes possible the use of machinery

it makes the worker less fatigued by his work

Human wants are numerous but the resources needed to satisfy them are limited

Given numerous wants and limited resources only individuals and businesss firms make choice

The process of making a choices involves opportunity cost

An economist is not interested morality or otherwise of any choice so made

Usually choice is made from a list of wants compliled in the context of a scale of preference