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Question 1 of 15
1. Question
The production possibility curve can be used to explain the underlying concepts of
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Question 2 of 15
2. Question
If the increase in the price of yams is used to estimate the inflation rate, this is an example of
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Question 3 of 15
3. Question
Use the data below to answer questions 3 and 4
 54, 35, 62, 79, 83, 36, 62, 42, 62, 42
Calculate the mean
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Question 4 of 15
4. Question
Use the data below to answer questions 3 and 4
54, 35, 62, 79, 83, 36, 62, 42, 62, 42
What is the modal score?
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Question 5 of 15
5. Question
A major determinant of demand for luxury good is
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Question 6 of 15
6. Question
As long as marginal utility is positive, total utility must be
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Question 7 of 15
7. Question
One of the factors affecting the supply of manufactured good is
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Question 8 of 15
8. Question
An upward movement along the same supply curve results in
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Question 9 of 15
9. Question
An example of an indirect taxes
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Question 10 of 15
10. Question
A major consideration in locating a cement factory is the availability of
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Question 11 of 15
11. Question
The activities of the oil and gas industries are classified into
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Question 12 of 15
12. Question
Joint-stock companies can raise funds from
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Question 13 of 15
13. Question
To prevent farmers during a bumper harvest, the government usually
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Question 14 of 15
14. Question
Contractionary monetary policy is used to
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Question 15 of 15
15. Question
The output approach to measuring national income is based on the computation of
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