economics

Opportunity cost helps the government to?

A. Distribute money to citizens B. support better production C. remove competition D. prepare budget Correct Answer: Option D -…

4 years ago

A partnership sourcing for funds to expand its business would approach _______?

A. a central bank B. a money market C. an insurance D. a stock exchange Correct Answer: Option B -…

4 years ago

Completely competitive market exists when each member is a _______?

A. price maker B. price taker C. price seeker D. A and B Correct Answer: Option B - price taker…

4 years ago

Other products gotten from Petroleum include the following EXCEPT?

A. Rubber B. fuel C. paints D. insecticides Correct Answer: Option A - Rubber Explanation Rubber is a coagulated, elastic…

4 years ago

Which of the following institutions does not operate in the money market?

A. central bank B. mortgage banks C. money deposit banks D. insurance companies Correct Answer: Option B - mortgage banks…

4 years ago

The basic principle of cooperative societies is to ________?

A. maintain the integrity of their members B. protect the interest and pursue the welfare of members C. ensure better…

4 years ago

Cost-push inflation occurs when _______?

A. production cost is high B. government embarks on deficits financing C. factors decrease D. there is too much in…

4 years ago

One of the functions of the price system is that it?

A. encourages high volume of production B. dictates what the citizens will consume C. discourages the consumption of harmful goods…

4 years ago

When the government fix the price of essential commodities; this is referred to as?

A. Price equilibrium B. Price control C. Demanded price D. Asking price Correct Answer: Option B - Price control Explanation…

4 years ago

Which of the following source of income is spectacular only to Government?

A. Payment from business transfer B. Bonuses C. Tax D. Wages Correct Answer: Option C - Tax Explanation Tax, the…

4 years ago