economics

A normal demand curve slopes?

A. downward from left to right B. upwards from left to right C. downwards from right to left D. upwards…

6 years ago

Which of the following is necessary for the survival of small firms in West Africa?

A. access to loans for development B. inadequate collaterals for bank loans C. government assistants in form of loans and…

6 years ago

Which of the following could be used to measure the efficiency of labour?

A. education and training B. rate of inflation C. level of unemployment D. input-output ratio Correct Answer: Option D D.…

6 years ago

West African countries experience rapid population growth due to?

A. existence of birth control clinics B. early marriages C. adequate sex education in schools D. late marriages Correct Answer:…

6 years ago

The term underpopulation refers to a situation where the population is?

A. dispersed over the country B. small in relation to available resources C. greater than the available resources D. concentrated…

6 years ago

The market supply curve slopes upwards from left to right indicating that?

A. at a lower price more is supplied B. two commodities can be supplied at the same time C. at…

6 years ago

Marginal cost can be derived from the?

A. total product B. total revenue C. total cost D. average fixed cost Correct Answer: Option C C. total cost

6 years ago

When the total products are at its maximum marginal products is?

A. increasing B. positive C. negative D. zero Correct Answer: Option D D. zero

6 years ago

The additional satisfaction derived from the consumption of one or more unit of a good is called?

A. marginal products B. marginal utility C. marginal revenue D. marginal cost Correct Answer: Option B B. marginal utility

6 years ago