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4841

An entrepreneur is encouraged to adopt division of labour in production because it

 

  • A. leads to increased cost of production and lower output
  • B. provides more employment opportunities
  • C. brings about equal cost and employment opportunities
  • D. leads to increased output and lower cost of production
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4842

In determining the growth of a country's population, infant mortality is a component of

 

 

 

  • A. net migration
  • B. death rate
  • C. fertility rate
  • D. immigration rate
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4843

One disadvantage of inflation is that?

 

  • A. Standard of living rises
  • B. Fixed income earners lose
  • C. Fixed income earners gain
  • D. Businessmen lose
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4844

The market supply curve slopes upwards from left to right indicating that

 

  • A. two commodities can be supplied at the same time
  • B. producers pay high taxes
  • C. at a lower price, more is supplied
  • D. at a lower price, less is supplied
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4845

 

Harmonised monetary and fiscal policies is a feature of

 

 

  • A. an economic union
  • B. a customs union
  • C. a common market
  • D. a free trade area
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