w economics 15

Economics is regarded as a science because it?

which of the following business organisations is likely to experience disagreements between management and shareholders

In order to control inflation, the government should

which of the following is not an effect of many middlemen in the chain of production

increase in production subsidies will shift

The following constitute the criteria for identifying an economic system except?

The law of diminishing marginal returns relate to?

which of the following can be described as land

The export of west A frican countries are mostly composed of

which of the following is not an objective of economic planning

which of the following best describes token money?

The main item traded on a stock exchange market is

when the demand for foreign exchange exceeds its supply, the value of the domestic currency

which of the following is not a method of controlling monopoly

A disadvantage of the mean as measure of central tendency is that?

Inflation may occur if there is?

An outward shift of the production possibility curve shows that?

Frictional unemployment occurs when?

A country has favourable terms of trade when the prices of her

which of the following curves is not U shaped

In national income accounting, the term ''net'' is used to indicate that a value-----

The market supply curve slopes upward from left to right indicating that?

Total cost is obtain by?

The movement of labour from one grade to an entirely different grade is an example of?

The abolition of all forms of trade barriers among member countries while maintaining common external tariffs against non members is a feature of a

An industry is best described as

location of firms of an industry is not influenced by?

If the price of floor rises, then bread

one reason for low agrictural productivity in most west African countries is that?

In order to correct adverse balance of payments problem, government should?

A concious effort of government to achieve a specific set of goals is?

The proportion of commercial banks' total assets kept in the form of highly liquid assets is known as

which of the following is not a strong basis for trade unions demand for higher wages

Government revenue will increase if taxes are levied on goods with?

which of the following will increase the demand for labour

By adding all the marginal products at each level of employment of the variable input, we obtain a value equal to

which of the following will not affect the market price of a commodity

which of the following is a benefit to a member country of World Bank?

In developing countries, a larger percentage of the labour force is employed in the

if a given change in price brings a proportionately larger change in quantity demanded, the

which of the following is not a reason for abnormal demand

The difference between the gross domestic product (GDP) and gross national product (GNP) IS?

if the price of a commodity Z falls and a consumer buys less of it, then commodity Z is a

which of the following features distinguishes a public limited company from a private limited company

In order to calculate total utility (TU) from given levels of marginal utility (MU), one has to?

All the following are methods of determing prices except?