QUESTION 2 This question is about graph A. If Turkana\'s economy moves from poin
ID: 1147473 • Letter: Q
Question
QUESTION 2 This question is about graph A. If Turkana's economy moves from point D to point C that O A to produce more industrial pumps while Cheese production will emain the same. O B to produce more Cheese at the expense of industrial pumps. C to produce fewer boxes of Cheese and industrial pumps O D to produce more industrial pumps and more boxes of Cheese to produce more Cheese and the same number of industrial pumps QUESTION 3 Adam Smith's concept of the "invisible hand" refers to O A how the working to the market is similar to the invisible hands of the puppeteer. B, the invisible activities within the firms. ° C. the competition in the marketplace O D the firms' desire to conspire against the buyers.Explanation / Answer
Answer for Question 3)
Invisble Hand as per Adam Smith which makes market to reach equillibrium without intented intervention similar to pupeeteer's show.
Hence Option A is correct.
Answer for Queston 4)
Labour and Capital both are capacities to produce output hence Capital is productive capacity.
Option A is correct response.
Answer for Question 5)
A title to land ownership defines ownership of land but not the land itself hence cant be appropriate here
Option E is correct response
Answer for Question 6)
Main Workings of economy is to make the best use of resources.
Hence Option E is correct response
Answer to Question 8)
If resource is not limited its abundant hence no charge to consume the same therfore will be free.
Correct response is D here
Answer for Question 9)
Always the availability of resource decides the price for an example The price of diamond is much higher than salt the reason is scarcity.
Option A is correct here
Answer for Question 10)
Option A is correct response