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