economics

Which of the following reasons explains the upward sloping of supply curve in a competitive market?

A. Ceteris paribus, marginal cost increase as output increases B. As new firms enter the market, factor price moves up…

5 years ago

Mobility of labour is not affected by?

A. the optimum size of population B. marriage and family C. the regulation of trade unions D. the period of…

5 years ago

The indicator of the value of money in the market is the?

A. the general price level B. effective supply C. the equilibrium price D. effective demand E. consumer income Correct Answer:…

5 years ago

What is the correct term for this group of exports: tractor, televisions, components, drugs and cars?

A. Current account items B. Visible exports C. Capital account items D. Invisible exports E. Visible imports Correct Answer: Option…

5 years ago

Which of the following is not appropriate in calculating national income figures?

A. output method B. Income method C. Expenditure method D. Value-added method E. Depreciation method Correct Answer: Option E -…

5 years ago

Which of the following is not a function of money?

A. store of values B. unit of accounts C. measures of value D. standard for deferred payment E. stability in…

5 years ago

Data presented in table are usually arranged in?

A. charts and tables B. rows and columns C. graphs and rows D. pictograms and columns E. maps and pie…

5 years ago

All the following are source of finance to a Joint Stock Company except?

A. bank loans B. equity shares C. debentures D. preference shares E. cooperative thrift Correct Answer: Option E - cooperative…

5 years ago

Money supply at any given point in time refers to as?

A. bank notes, coins and demand deposits B. notes and coins only C. minted money D. hoarded money E. money…

5 years ago

In Economics market is define as?

A. A place where buyers and sellers come together to exchange goods B. Any agreement made for consumers to buy…

5 years ago