economics

The choice of what to produce in a command economy is determined by?

A. industrial establishments B. labour unions C. the government and labour unions D. the central government Correct Answer: Option D…

4 years ago

Individual markets differ from each other according to?

A. The degree of competition B. The volume of trade C. The number of buyers D. It's composition Correct Answer:…

4 years ago

One of the factors affecting the supply of manufactured goods is?

A. Weather B. Technology C. Consumer tastes D. Availability of inputs Correct Answer: Option B - Technology Explanation The following…

4 years ago

From the shaded area of the diagram below; an appropriate population policy will be to?

A. encourage early marriages B. discourage immigration C. discourage polygamy D. encourage the use of contraceptives Correct Answer: Option A…

4 years ago

From the graph below; point M shows that MC?

A. cuts AC at its minimum point B. and AC rises simultaneously C. cuts AC at its maximum point D.…

4 years ago

In the diagram below; there is an excess?

A. demand for 30 units B. supply of 40 units C. demand for 20 units D. supply of 20 units…

4 years ago

A classroom teacher is promoted to the rank of a principal. This is an example of?

A. vertical mobility B. lateral mobility C. social mobility D. horizontal mobility Correct Answer: Option A - vertical mobility Explanation…

4 years ago

If the active population is 50 million and unemployed is 5 million what is the unemployment rate?

A. 10% B. 45% C. 55% D. 90% Correct Answer: Option A - 10%

4 years ago

A high rent on land will affect the cost of producing maize?

A. at the early stage of production B. negatively C. at the later stage of population D. positively Correct Answer:…

4 years ago

A major trading problem facing ECOWAS is?

A. the absence of common currency B. political instability C. high poverty level D. non implementation of decisions Correct Answer:…

4 years ago