economics

Average Variable Cost (AVC) curve?

A. is U-shaped B. rises from left to right C. Slopes upwards D. is horizontal to the X-axis Correct Answer:…

6 years ago

An association of workers in a particular industry, firm, or line of job is called?

A. Trade union B. Trade association C. Chamber of commerce D. Assembly of workers Correct Answer: Option A A. Trade…

6 years ago

An industry can best be described as?

A. a place where goods are processed B. a place where different firms produced different goods C. an aggregation of…

6 years ago

The movement along the same curve is a?

A. change in demand B. change in quantity demanded C. shift in demand D. market demand Correct Answer: Option B…

6 years ago

Wages are to some extent, determined by the?

A. Marginal utility of labour B. average utility of labour C. marginal productivity of labour D. total output of labour…

6 years ago

Net migration is the difference between?

A. population and census B. immigrants and emigrants C. per capita income and population D. internal and external migration Correct…

6 years ago

Hassan, an economic teacher in Lagos, resigned his appointment and took up another job as a banker. The concept here involves

A. occupational mobility of labour B. horizontal mobility of labour C. vertical mobility of labour D. geographical mobility of labour…

6 years ago

One economic implication of over-population is that it?

A. leads to low demand s of goods B. reduce balance of payment difficulties C. leads to a fall in…

6 years ago

Census of population is usually conducted every?

A. 20 years B. 15 years C. 10 years D. 7 years Correct Answer: Option C C. 10 years

6 years ago

Majority of West African labour force is engaged in?

A. industrial production B. agricultural production C. mining industry D. construction industry Correct Answer: Option B B. agricultural production

6 years ago