The table below shows a demand schedule for eggs. What is the equilibrium price?

5 years ago

A. N100 B. N110 C. N60 D. N80 Correct Answer: Option D = N80

The diagram shows the total utility curve. At the point M; marginal utility?

5 years ago

A. increases B. is unity C. diminishes D. is zero Correct Answer: Option D - is zero

A country with over-valued currency will?

5 years ago

A. expect balance of payments surplus B. have increased demand for the exports C. increase her foreign reserve D. decreased…

The major reason why nations engage in international trade is that?

5 years ago

A. it allows free movement of factors of production B. it makes possible the use of capital-intensive method of production…

The loans from the World Bank to developing countries are mainly to support?

5 years ago

A. the establishment of more universities B. capital-intensive technology C. infrastructural investments D. their low level of consumption Correct Answer:…

GNP is not a good measure of social welfare because there are unrecorded?

5 years ago

A. indirect taxes B. social costs C. government subsidies D. transfer payments Correct Answer: Option D - transfer payments

What is the unemployment rate in the community?

5 years ago

If the labour force in a given community is 2,000,000, in the wage employment 200,000 and the unemployed are 80,000,…

In order to accelerate economic development; a country must?

5 years ago

A. stimulate her population growth rate B. pursue a high population growth rate C. pursue a rational population policy D.…

Money may not be accepted as a store of value if?

5 years ago

A. its value is unstable B. it is easily transferable C. its value is stable D. it is easily divisible…

The distribution channel that contributes most to the cost of production is?

5 years ago

A. producer → wholesaler → consumer B. producer → retailer → consumer C. producer → retailer → wholesaler → consumer…