economics

The basic economic problems of society include _____?

A. scarcity, for whom to produce and where B. what to produce, how and for whom B. scarcity, when to…

5 years ago

If a demand curve that intersects a perfectly inelastic supply curve shift is rightward, then _______?

A. only the quantity will increase B. The prices will remain constant C. the equilibrium price and quantity will increase…

5 years ago

The minimum number of share holders for joint stock companies is _______?

A. 4 B. 2 C.7 D. 3 Correct Answer: Option C - 7

5 years ago

If the standard deviation of a given data is 8.2; find its variance ______?

A. 82.0 B. 91.8 C. 67.2 D. 4.1 Correct Answer: Option C - 67.2

5 years ago

Commercial bank reserves at the Central Bank _______?

A. advancing trade, prospects B. controlling credit and money supply C. reducing bank frauds D. discouraging banking operations Correct Answer:…

5 years ago

In the long run; all production factors are ______?

A. variable B. fixed C. semi-variable D. semi-fixed Correct Answer: Option A - variable

5 years ago

The type of business finance that entitles the holder to a fixed rate of dividend is ______?

A. bank load B. debenture C. preferred stock D. semi-fixed Correct Answer: Option C - preferred stock

5 years ago

The privatization of public enterprises will lead to efficient management of resources in the economy. This statement can best be described as?

A. deductive reasoning B. positive reasoning C. normative reasoning D. inductive reasoning Correct Answer: Option D - inductive reasoning Explanation…

5 years ago

The factor of production that has the highest degree of mobility is _____?

A. entrepreneurship B. land C. labour D. capital Correct Answer: Option C - labour

5 years ago

When a variable is associated with time period, it is _______?

A. circular B. a flow C. static D. a stock Correct Answer: Option A - circular

5 years ago
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