A. competitive supply B. Substitute supply C. Joint supply D. Derived supply Correct Answer: Option B - Substitute supply
A. Moves the price below OP 2 B. Leads to a fall in price from OP 1 to OP 2…
If the United Kingdom buys gold for $60 an ounce and Nigeria buys the same ounce for N500, what will…
A. 20% B. 71% C. 120% D. 140% Correct Answer: Option D - 140%
A. developing B. developed C. poor D. underdeveloped Correct Answer: Option A - developing
A. internal debts and World Bank loans B. money owed to local and foreign contractors C. internal and external debts…
A. tax rate B. effect on incentive to work C. fairness of the tax D. tax burden Correct Answer: Option…
A. loan sought is short term B. loan repayment is guaranteed C. loan sought is long term D. the percentage…
A. loans and overdrafts B. loans and discounting bills C. overdrafts and cheques D. overdraft and treasury bills Correct Answer:…
A. an increase in some prices B. a one-time rise in prices C. a steady fall in the purchasing power…