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