A. N20.00 B. N23.00 C. N13.00 D. N15.00 Correct Answer: Option D - N15.00 Explanation From the diagram, when 20…
A. R B. T C. U D. S Correct Answer: Option D = S Explanation The optimal point of production…
A. a kinked demand curve B. a normal demand curve C. an abnormal demand curve D. a diminishing marginal utility…
A. stabilizing and harmonization oil prices B. ensuring the equal participation of countries in trade C. modernizing world economies D.…
A. marginal utility B. inefficiency in production C. opportunity cost D. comparative advantage Correct Answer: Option D - comparative advantage…
A. geographical mobility B. horizontal mobility C. professional advancement D. vertical mobility Correct Answer: Option D - vertical mobility Explanation…
A. birth control measures B. technical progress C. government policies D. natural disasters Correct Answer: Option A - birth control…
A. dual exchange rate system B. managed floating rate system C. market-determined exchange rate system D. multiple exchange rate systems…
A. concession B. incorporation C. commercialization D. privatization Correct Answer: Option D - privatization Explanation The transfer of ownership, property…
A. capital account B. balance of payments C. current account D. balance of trade Correct Answer: Option B - balance…