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Question 1 of 25
1. Question
For two substitute goods, the cross elasticity of demand is
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Question 2 of 25
2. Question
If a person receives a higher wage than would be necessary to induce him to work, he is said to be receiving
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Question 3 of 25
3. Question
Which of this is likely to be inflationary?
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Question 4 of 25
4. Question
A characteristic of a debenture is that
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Question 5 of 25
5. Question
Which of these is not included in measuring national income by the income approach?
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Question 6 of 25
6. Question
The revenue accruing to the seller of commodity X as a result of a fall in price will
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Question 7 of 25
7. Question
Under partnership, investors who have no desire to be actively involved in the day-to-day management of such organizations are called
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Question 8 of 25
8. Question
In a sole proprietorship decisions are made by the
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Question 9 of 25
9. Question
Deflation is persistence fall in price in the general price level and is usually caused by
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Question 10 of 25
10. Question
A greater burden of taxes on essential goods is borne by the
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Question 11 of 25
11. Question
Demand for a factors of production is
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Question 12 of 25
12. Question
One disadvantage of sole proprietorship is its
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Question 13 of 25
13. Question
The monetary system that requires double coincidence of wants is known as
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Question 14 of 25
14. Question
The marginal theory of distribution makes an assertion that the price of any factor depends upon its marginal
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Question 15 of 25
15. Question
By using exchanges controls, a country tries to eliminate a balance of payments deficit by
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Question 16 of 25
16. Question
Economics of scale operates only when
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Question 17 of 25
17. Question
If an increase in income induces a reduction in the demand for beans, beans can be referred to as
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Question 18 of 25
18. Question
Optimum population is desirable because it enables an economy to attain maximum
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Question 19 of 25
19. Question
Marginal cost curve intersects average cost curve
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Question 20 of 25
20. Question
The concept of economic efficiency refers to
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Question 21 of 25
21. Question
A major factor affecting the value of money is the
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Question 22 of 25
22. Question
Which of the following is an example of invisible item on balance of payments account?
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Question 23 of 25
23. Question
The best index for comparison of standard of living is the
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Question 24 of 25
24. Question
A major obstacle to economic development in many African countries
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Question 25 of 25
25. Question
Themost popularly adopted industrialization strategy in West Africans
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