economics

Which of the following does not give characteristics of money?

A. Durable B. Portable C. Divisible into small units D. Generally acceptable E. Medium of exchange Correct Answer: Option E…

5 years ago

At optimum population level, a country has its?

A. maximum population B. aging population C. highest birth rate D. highest output per head E. lowest death rate Correct…

5 years ago

Malthus observed in his theory that population was growing?

A. at a regular rate B. in arithmetical progression C. in geometrical progression D. in mathematical progression E. in trigonometrical…

5 years ago

Which of the following is not a function of an insurance company ______?

A. Mobilization of funds through premiums collected B. Encouragement of savings habits through life assurances C. Collection of deposits from…

5 years ago

Which of the following does not require the use of information from census?

A. allocating central government revenue among states or regions B. planning for development in the states of regions C. Demarcating…

5 years ago

In perfect competition, the marginal cost curve intersects the average cost curve?

A. from below at its lowest point B. from above at its lowest point C. from below before the lowest…

5 years ago

The effect of an increase in price on the demand for a commodity with elastic demand will be?

A. an increase in the demand for the commodity B. a decrease in the demand for the commodity C. a…

5 years ago

Which of the following explains marginal cost?

A. Overhead cost plus variable cost resulting from production B. the average cost of producing more units of the products…

5 years ago

Credit creation by banks is limited by?

A. an increase in bank deposits B. the establishment of specialized banks C. the non-availability of collateral security D. the…

5 years ago

Under the socialist economy, the decision on what to produce is determined by the?

A. producer B. level of expected profit C. price D. Government E. preference of consumers Correct Answer: Option D -…

5 years ago