Economics 1 | Study Mode

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Question 61
A
a composite demand
B
a joint demand
C
a derived demand
D
an elastic demand
Explanation

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Correct option: C
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Question 62
A
perfect competition
B
pure competition
C
monopolistic competition
D
oligopoly
Explanation

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Correct option: C
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Question 63
A
maximize profits
B
satisfy human wants
C
become self reliant
D
make people wealthy
Explanation

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Correct option: B
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Question 64
A
demands at a given price at a point in time
B
demand at a given price
C
actually digests
D
produces, given its price
Explanation

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Correct option: A
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Question 65
A
the size of market
B
cost of production
C
the factors of production
D
government policy
Explanation

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Correct option: A
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Question 66
A
net national product
B
gross domestic product
C
disposable income
D
gross national product
Explanation

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Correct option: B
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Question 67
A
external dis economies
B
internal returns to scale
C
internal economies
D
constant returns to scale
Explanation

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Correct option: C
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Question 68
A
lack of modern technology
B
High rate of population growth
C
Low productivity
D
Dedicated leadership
Explanation

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Correct option: D
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Question 69
A
middle-aged people in the population
B
young people in the population
C
old men in the population
D
old people in the population
Explanation

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Correct option: D

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