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Question 1 of 15
1. Question
The need to construct a scale of preference is necessitated by
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Question 2 of 15
2. Question
If at 10k per kg, 1000kg of yam were purchased and at 5kg, 1500kg were purchased, the resultant point of elasticity of demand is
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Question 3 of 15
3. Question
If a wage increase is granted to a cement manufacturer’s worker, the supply curve of cement will
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Question 4 of 15
4. Question
The elasticity of supply of perishable goods is
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Question 5 of 15
5. Question
The average product of labour in a given period is obtained by dividing the
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Question 6 of 15
6. Question
A possible factor which limit the extent of the growth of a firm is the
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Question 7 of 15
7. Question
A major difference between a state-owned enterprise and private enterprise is that they form
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Question 8 of 15
8. Question
The main handicap of sole proprietorship is
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Question 9 of 15
9. Question
Taxes and government expenditures are instruments of
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Question 10 of 15
10. Question
Is C stands for consumption, I for investment, X for exports, and M for imports, then nation income is
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Question 11 of 15
11. Question
A capital market differs from the money market in that in the former
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Question 12 of 15
12. Question
The money market is a financial market that specializes in the provision of
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Question 13 of 15
13. Question
There is an improvement in the terms of trade of a country if
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Question 14 of 15
14. Question
A country with over-valued currency will
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Question 15 of 15
15. Question
In an agricultural economy, a poor harvest which diverts demand away from industrial good leads to trade cycle by
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