Economics Grade 10

Opportunity cost is defined as the .....................

• Money cost

• Cost of production

• Real cost

• Variable cost

• Fixed cost

Land is often different from other factors of production because it

• is a free gift of nature.

• constitutes one-third of the entire world.

• has different grades.

• is owned by individuals.

• is owned by government.

Which of the following is not a set of measures of central tendency?

• Mode and Median

• Mean and Median

• Mean and Mode

• Median and Percentage

• Median, Mode and Mean

The desire for goods without the ability to pay is called

• Choice

• Effective demand

• Joint demand

• Wants

• Effective supply

An industry can simply be defined as

• many firms producing different products.

• a firm or firms producing similar goods and services.

• different firms producing different goods.

• different firms producing equal number of similar goods and services.

• many firms producing unidentical goods and services.

The age group 18 to 60 years is popularly referred to as ......................

In Migration, the region where people are leaving is called.....................

In Migration, the region where people are entering is called...................

Public corporations are owned by

An individual portion of the company's capital owned by shareholders is known as