A. Absolute cost is least B. Absolute money cost is least C. Opportunity cost is least D. Production possibility curve…
A. 4.02% B. 2.10% C. 2.06% D. 1.03% Correct Answer: Option D - 1.03%
A. Accept deposits withdrawable by cheque B. Mobilize savings C. Invest surplus funds D. Contribute to economic development Correct Answer:…
A. Labour-extensive B. Land-intensive C. Capital-intensive D. Labour-intensive Correct Answer: Option C = Capital-intensive
A. expectation of a future change in price B. availability of credit facilities C. change in the price of the…
A. consumers are willing to pay higher prices B. supply is facing competition C. other factors than price have changed…
A. the ruler B. the exercise book C. N25.00 D. 18.00 Correct Answer: Option A - the ruler
A. joint demand B. competitive demand C. derived demand D. composite demand Correct Answer: Option C - derived demand
A. unitary B. inelastic C. zero D. elastic Correct Answer: Option B - inelastic Explanation In case of perishable goods…
A. V B. W C. X D. Z Correct Answer: Option D = Z