At the consumer equilibrium; the slope of the indifference curve is?

5 years ago

A. half the slope of the budget constraint line B. equal to the slope of the budget constraint line C.…

In a free market economy; the price system allocates resources?

5 years ago

A. under government's directives B. to ensure general welfare C. to their best alternatives D. to reduce poverty Correct Answer:…

If the price elasticity of demand for a good is 0.43; an increase in the price of the good will result in?

5 years ago

A. an increase in profit by 43% B. a net gain C. a decrease in profit 43% D. a net…

As a country gets more developed; the percentage of labour engaged in agriculture tends to?

5 years ago

A. remain constant B. decrease steadily C. switch over to trading D. increase steadily Correct Answer: Option B - decrease…

The major purpose of African Development Bank is to?

5 years ago

A. provide loans for trade development B. provide loans for infrastructural development C. provide loans for development banks in distress…

One of the problems arising from the localization of industries is?

5 years ago

A. high prices of output B. the exportation of output C. the scarcity of foreign exchange D. structural unemployment Correct…

The present privatization policy in Nigeria is aimed at?

5 years ago

A. reducing income inequality B. reducing the prices of goods and services C. poverty alleviation D. increasing efficiency in production…

The types, sources and uses of government income are mainly concerned with?

5 years ago

A. public expenditure B. public revenue C. public budget D. public finance Correct Answer: Option D - public finance

One of the major factors militating against industrialization in Nigeria is the?

5 years ago

A. inadequacy of infrastructural facilities B. absence of government participation C. frequent breakdown of equipment D. failure to get foreign…

A deficit budget can be used to?

5 years ago

A. stimulate recovery from a trade depression B. protect the economy from inflation C. starve the economic of funds for…