w economics 22

A benefit that is present in all forms of economic integration is that

An example of transfer payments in national income accounting is

The production of rice and yam on the same farmland is an example of

Cooperative societies are formed mainly to

Given that a country's index of export price is 180 and that of import is 200, the terms of trade is

Political instability hinders economic growth because it

If the quantity demanded of a commodity increases from 20 units to 30 units when there is an increase in price from $4.00 to $5.00, the elasticity of demand is

In perfectly elastic supply, the supply curve

Which of the following factors may not affect the efficiency of labour?

The middlemen is responsible for

Which of the following industries will add more value to primary products?

The use of mass advertising media enable a firm to enjoy

The main function of the African Development Bank (AFDB) is to

The mining sector of an economy contributes 60% to the Gross Domestic Product(GDP). If the GDP is $540, what is the contribution of the mining sector?

The increase in the demand for a commodity may lead to a decrease in the demand for another if both are

If the government imposes a minimum price on a commodity

Which of the following measures can lead to an increase in exports?

The demand curve for goods of ostentation is usually

A major disadvantage of a capitalist economy is that it

There is unemployment of resources when production is

An example of commodity money is

An increase in the price of commodity X led to a fall in the supply of commodity Y. Commodities X and Y are

If the Central Bank increases its bank rate

Commercial banks are different from development banks in that the latter

Increasing national income without effective control of population size in a country can lead to

A benefit that is present in all forms of economic integration is that

If petrol is no longer needed to produce energy, then demand for crude oil

A minimum price legislation is also called

A major characteristic of natural resources is that they

Scale of preference shows

The sufficient condition for a firm to be in equilibrium is that the

A positive effect of a rapid population increase is

If demand is perfectly inelastic, a tax imposed

Which of the following factors is not a cause of change in demand? Changes in

The supply curve of a locally-produced good may shift to the right if

Which of the following factors is not a cause of diminishing returns?

The type of unemployment found among workers who leave their jobs in search of other jobs is termed

The production cost that varies inversely with output is the

Gross National Product (GNP) less the provision for the wear and tear of assets is the

An argument for the use of commercial policy rest on the need to

The main objective of marketing boards is to

The use of the bank rate, cash ratio and open market operations constitute

In manufacturing, division of labour may be hindered by

A major function of the retailer is to

If inflation is anticipated, people may

Fiscal policy measures imply a change in

Foreign investment and long term securities in the balance of payment accounts are recorded as

Development planning focuses mainly on

A firm that closes down will still incur

Foreign investment and long term securities in the balance of payment accounts are recorded as

A disadvantage of a jont-stock company is

A consumer of a single commodity is in equilibrium when