economics

If the current price of an apple is twice that of last year, it implies that the value of money is?

A. stable B. falling C. rising D. getting stronger Correct Answer: Option B B. falling

6 years ago

A supply curve which is vertical has an elasticity co-efficient of?

A. 0.0 B. 0.5 C. 1.5 D. 2 Correct Answer: Option A A. 0.0

6 years ago

Palm oil and palm kernel have?

A. competitive supply B. excess supply C. joint supply D. composite supply Correct Answer: Option C C. joint supply

6 years ago

The coefficient of income elasticity of demand for inferior goods is?

A. positive B. equal to one C. less than one D. negative Correct Answer: Option D D. negative

6 years ago

A normal demand curve slopes?

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

6 years ago

An arrangement of data in rows and columns is referred to as?

A. graph B. bar chart C. pie chart D. table Correct Answer: Option D D. table

6 years ago

The production possibility curve (PPC) indicates that as more of one good is produced?

A. less of the other goods is produced B. the same quantity of the other good is produced C. more…

6 years ago

The difference between the money cost and the real cost of any item is that?

A. real cost is the alternative forgone while the money cost is the actual amount paid for buying the item…

6 years ago

Human wants are?

A. limited B. scarce C. unlimited D. in grades Correct Answer: Option C C. unlimited

6 years ago