economics

Government can control inflation by?

A. printing more money B. reducing the rate of taxes C. reducing the level of expenditures D. establishing more banks…

6 years ago

Which of the following will be an effect of inflation?

A. wage earners will gain B. borrowing of money will be restricted C. money lenders will gain D. borrowers of…

6 years ago

The value of money is best determined by?

A. input-output ratio B. the purchasing power C. the importance people attach to it D. economies of scale Correct Answer:…

6 years ago

Joint ventures are partnerships involving?

A. the poor and the rich B. employers and workers C. government and private investors D. multinationals and individuals Correct…

6 years ago

One main benefit of partnership is?

A. the possibility of raising funds on the stock exchange B. the possibility of attracting twenty-one or more members C.…

6 years ago

The market structure in which the operation are many and none of them can influence the price is?

A. imperfect market B. perfect market C. oligopolistic D. stock market Correct Answer: Option B B. perfect market

6 years ago

For both the monopolist and the perfectly competitive firm, profit-maximizing output occurs at the point where the?

A. marginal cost curves cut the marginal revenue curve from below B. marginal revenue curve cuts the marginal output from…

6 years ago

When a change in price does not affect the quantity demanded of a commodity, the price elasticity of demand is?

A. fairly inelastic B. infinitely elastic C. perfectly inelastic D. unitary elastic Correct Answer: Option C C. perfectly inelastic

6 years ago

Demand for inferior goods is an example of?

A. expansion of demand B. contraction of demand C. individual demand D. abnormal demand Correct Answer: Option D D. abnormal…

6 years ago

The gap between demand and supply curve below the equilibrium price indicates?

A. excess demand B. excess supply C. equilibrium quantity D. equilibrium price Correct Answer: Option A A. excess demand

6 years ago