organization
identify the reasons for the formation of organizations
Describe briefly Distinction between the term Component cost and Composite cost?
Explain and give an illustration of (a) the fallacy of composition; and (b) the “after this, therefore because of this” fallacy. Why are cause-and-effect relationships difficult to isolate in the social sciences?
What is the difference between qualitative data and quantitative data, provide an example of each.
Briefly explain the term Operating Leverage?
The study of economics is MOST frequently divided within: (1) positive economics and negative economics. (2) macroeconomics and microeconomics. (3) subjective economics and objective economics. (4) supply side and demand side economics. (5) conservative economics and
Payments for the use of land, capital and labor are respectively termed as: (w) rent, wages and profits. (x) rent, interest and wages. (y) dues, profits and depreciation. (z) fruit, profits and money. Q : Illustrate the 3rd the government Illustrate the 3rd the government redistributes income?
Illustrate the 3rd the government redistributes income?
Successful speculation tends to: (1) generate inflationary pressure. (2) assist stabilize relative prices. (3) reduce the incomes of the eventual producers of goods. (4) make relative prices more volatile. (5) increase the risk born through the eventu
Who will get the goods and services?
Explain the law of supply. Why does the supply curve slope upward?
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