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The middlemen is responsible for
A disadvantage of a jont-stock company is
A firm that closes down will still incur
The production cost that varies inversely with output is the
In manufacturing, division of labour may be hindered by
If the government imposes a minimum price on a commodity
The production of rice and yam on the same farmland is an example of
A benefit that is present in all forms of economic integration is that
Foreign investment and long term securities in the balance of payment accounts are recorded as
A consumer of a single commodity is in equilibrium when
Which of the following industries will add more value to primary products?
An example of transfer payments in national income accounting is
In perfectly elastic supply, the supply curve
Which of the following factors is not a cause of diminishing returns?
Gross National Product (GNP) less the provision for the wear and tear of assets is the
Scale of preference shows
The use of the bank rate, cash ratio and open market operations constitute
If the quantity demanded of a commodity increases from 20 units to 30 units when there is an increase in price from $4.00 to $5.00, the elasticity of demand is
Cooperative societies are formed mainly to
Which of the following factors is not a cause of change in demand? Changes in