A) expenditure tax B) sales tax C) capital gains tax D) A value added tax
A) Dress and jewelry B) Dress C) Jewelry D) Handbag and jewelry
A) Risk bearing B) Planning C) Control D) Management
A) It has a motive to increase output B) Marginal cost is less than marginal revenue C) Marginal cost equals marginal revenue D) It produces the greatest output at a minimum cost
A) Central bank of the country B) Ministry of Finance C) Forces of demand and supply D) International monetary fund (IMF)
A) Plam oil products B) Coal deposit C) Oil deposit D) Favorable soil
A) Perfect competition B) Monopolistic competition C) Monopoly D) Oligopoly
A) All those who are able and eligible can find employment B) All adults who can work are employed C) Every adult is employed D) Only the disable are not employed
A) Specialized in agricultural industries . B) Produce one main commodities . C) Have a rich cultural heritage . D) Produce only raw materials.
A) A fall in petroleum production B) Higher prices for the consumption of petroleum C) A higher petroleum price offered by the buyer D) An oversupply of petroleum.
A) Enable individuals to satisfy all the wants B) Restores equilibrium between producers and consumers C) Helps in the utilization of scacre resources D) Helps producers to know what to produce
A) Management B) Risk-bearing C) Planning D) Control
A) Retailers only B) A central planning committee C) The operation of price mechanism D) A government distribution agencies
A) Arrange the data in ascending order and subtract each item from the mean. B) Sum the value and divide by the number of items. C) Arrange the data in either ascending or descending order and find what item divides the set in two equal parts. D) Arrange the data in descending order and add each item to the least.
A) Farmer's incomes to be more than doubled B) Price to increase substantially. C) Price to fall substantially. D) Demand to fall substantially.
A) Effective demand. B) Complementary demand C) Competitive demand D) Derived demand
A) Demand for the substitute of commodity X will decrease B) Demand for commodity X will decrease C) Supply of both commodity X and its substitute will increase. D) Price of commodity X will increase
A) A favourable weather condition. B) An improvement in innovation and technology. C) A reduction in the cost of raw materials. D) An increase in the price of the commodity
A) Zero B) Greater than one C) Less than one D) One
A) Unitary elastic. B) Inelastic. C) Fairly elastic. D) Perfectly inelastic.
A) An increase in supply. B) An increase in quantity supplied. C) A reduction in quantity supplied. D) A decrease in supply.
A) Tax paid on raw materials B) Price of the product C) Prices of factors of production. D) Subsidies on raw materials.
A) Encouraging them to produce surplus output. B) Increasing taxes on inputs. C) Fixing maximum prices. D) Fixing minimum prices.
A) Falls and quantity rises. B) And quantity fall. C) And quantity increase. D) Rises and quantity falls.
A) $150.03 B) $15.00 C) $1.50 D) $166.67
A) Marginal product of the input. B) Output of the input. C) Utility of the input employed. D) Average product of the input.
A) equipment and other capital. B) variable factors of production. C) fixed inputs of production. D) plants and machinery of the firm.
A) $300 B) $100 C) $200 D) $600
A) $80 B) $11 C) $60 D) $10
A) and the AR curve are downward sloping and are identical. B) is above the average revenue curve C) is vertical while the average revenue curve is horizontal. D) slopes down to the right and is below the AR curve.
A) Sale of shares B) Surplus C) Trade credit D) Government subversion
A) sole proprietorship. B) consumer co-operative. C) joint stock company. D) partnership.
A) high prices of goods and services B) a problem of unemployment of labour C) an increase in government tax revenue D) the creation of artificial scarcity
A) school leaving age and number of part-time workers B) school leaving age and number of disabled workers C) population size and age of retirement D) work environment and health status of workers
A) 70% B) 45% C) 15% D) 60%
A) 1:2 B) 3:2 C) 6:1 D) 2:3
A) The introduction of mechanized farming B) increase in prices of land C) conversion of building sites to farmlands D) reclamation and irrigation
A) availability of population of buyers B) the existence of required materials for production C) adequate supply of power, good road and rail network D) the activities of politicians in deciding location of firms
A) It encourages the inflow of capital and expertise from local and foreign sources B) To make businesses more profitable C) Members of the public are able to acquire shares D) Government is able to participate and control the operation of the privatized businesses
A) $ 2.680 B) $ 2,350 C) $2,100 D) $ 3.050
A) $2,230 B) $3.050 C) $2,680 D) $2.220
A) number of industries in each country B) size of their national incomes only C) gross national product per head D) size of their arms and ammunition
A) buying treasury bills in the open market. B) increasing her own expenditure. C) selling securities in the open market D) encouraging banks to lend for any purpose.
A) medium of exchange B) standard of deferred payment. C) general acceptability. D) medium of exchange
A) deficit financing by the government. B) excessive supply of foodstuff C) increase in import duties. D) increase in the cost of production.
A) Increase banks lending B) Reduce the supply of money. C) Encourage borrowing. D) Increase the supply of money.
A) An expansionary monetary policy. B) Physical policy. C) A restrictive Fiscal policy. D) Implementing budget deficit
A) Textile materials with elastic demand B) Luxury goods with elastic supply C) Agricultural products with inelastic supply D) Alcoholic beverages with inelastic demand
A) value added tax B) capital gains tax C) expenditure tax D) expenditure tax
A) Forces of demand and supply B) International monetary fund (IMF) C) Ministry of Finance D) Central bank of the country |