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